Bank of England’s Bailey defends bond programme after Reform UK criticism LONDON: Bank of England Governor Andrew Bailey defended the central bank’s programme of government bond purchases... Published 23 Jun, 2025 07:28pm
Markets London stocks fall as BoE keeps rates on hold LONDON: London stocks dropped to an over two-week low on Thursday as the Bank of England left borrowing costs... Published 20 Jun, 2025 07:34am
Business & Finance Bank of England keeps rates steady, sees further loosening as jobs market weakens LONDON: The Bank of England held interest rates at 4.25% as expected on Thursday but said it was focused on risks... Published 19 Jun, 2025 05:32pm
Markets Sterling rises against a weaker dollar ahead of UK’s spending plan Sterling rose against the dollar on Monday, as the greenback weakened after rallying on Friday on the back of a... Published 09 Jun, 2025 05:35pm
Business & Finance Bank of England’s Dhingra sees downside risks to inflation outlook Bank of England policymaker Swati Dhingra said on Tuesday that she saw downside risks to the outlook for British... Published 03 Jun, 2025 03:15pm
Business & Finance BoE’s Pill views quarterly pace of rate cuts as ‘too rapid’ LONDON: Bank of England Chief Economist Huw Pill said on Tuesday he thought a quarterly pace of interest rate cuts... Published 20 May, 2025 02:27pm
Business & Finance UK shoppers celebrate Easter and the sunshine with a spending splurge LONDON: British shoppers overcame their worries about a global trade war and sharply increased their spending in... Published 13 May, 2025 08:25am
Business & Finance BoE’s Greene says price pressures still too high, inflation expectations rising LONDON: Bank of England monetary policymaker Megan Greene said on Monday that wage and inflation measures were... Published 12 May, 2025 05:50pm
Business & Finance BoE cuts rates to 4.25% as it sees tariff hit to growth LONDON: The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an... Published 08 May, 2025 05:38pm
Markets Dollar restrained by surge in Asian counterparts SINGAPORE: The dollar struggled to make headway on Tuesday as an unprecedented two-day surge in its Taiwanese... Published 06 May, 2025 07:36am
Business & Finance Dollar weakens against major currencies NEW YORK: The US dollar was mostly lower against major currencies, including the yen and the euro, on Monday as... Published 06 May, 2025 03:19am
Opinion Gold still faces downside risks Last week, the global financial markets displayed some stability following a reduction in tariff tensions between ... Updated 05 May, 2025 08:06am
Business & Finance BoE’s Greene says US tariffs likely to put downward pressure on UK inflation Britain is more likely to see lower than higher inflation as a result of US President Donald Trump’s tariffs, Bank... Published 22 Apr, 2025 02:16pm
Markets FTSE 100 posts biggest weekly gain in over 2 years LONDON: Britain’s benchmark FTSE 100 index posted its biggest weekly gain since October 2022 on Thursday ahead of... Published 21 Apr, 2025 05:42am
Markets Sterling edges up; UK data shows softer jobs market LONDON: The pound edged up on Tuesday, clawing back some gains from the euro in particular, as the volatility that... Published 15 Apr, 2025 03:18pm
Business & Finance Bank of England’s Greene says dollar drop adds to tariff inflation puzzle Bank of England interest rate-setter Megan Greene said on Saturday it was unclear what U.S. President Donald Trump’s... Published 12 Apr, 2025 02:17pm
Business & Finance BoE warns on UK financial stability amid tariffs LONDON: The Bank of England on Wednesday warned over risks to UK financial stability from increased geopolitical... Published 10 Apr, 2025 03:14am
Business & Finance BoE warns on ‘economic uncertainty’ as rate held LONDON: The Bank of England kept its key interest rate at 4.5 percent Thursday, as it warned of “a lot of economic... Published 20 Mar, 2025 06:28pm
Business & Finance BoE’s Bailey hopes for less bond market volatility driven by US tariffs Bank of England Governor Andrew Bailey said on Tuesday he wanted to see less volatility in medium and longer-dated... Published 18 Feb, 2025 04:42pm
Business & Finance Bank of England’s Bailey says inflation is slowing, 2025 jump will not last LONDON: Bank of England Governor Andrew Bailey said in an interview published on Monday that inflation was slowing... Published 17 Feb, 2025 04:19pm
Business & Finance Bank of England’s Bailey warns of backlash against regulation LONDON: The cost of the 2008 global financial crisis (GFC) should not be forgotten during a backlash against the... Published 11 Feb, 2025 07:08pm
Business & Finance Pound ticks up after sliding on BoE cut LONDON: The pound regained some ground on Friday after dropping on Thursday when the Bank of England cut interest... Published 10 Feb, 2025 05:35am
Business & Finance Bank of England cuts rates as it sees weaker growth and inflation spike LONDON: The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a... Published 06 Feb, 2025 07:28pm
Business & Finance Bank of England readies rate cut and could hint at more to come The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect... Published 30 Jan, 2025 11:59am
Business & Finance UK economy inches up by lower-than-expected 0.1% in November LONDON: Britain’s economic output inched up by a lower-than-expected 0.1% in November compared with October, data... Published 16 Jan, 2025 12:11pm
Business & Finance UK inflation unexpectedly falls, core price measures slow by more LONDON: British inflation unexpectedly slowed last month and core measures of price growth - tracked by the Bank of... Published 15 Jan, 2025 12:34pm
Business & Finance China central bank governor Pan meets BOE’s Bailey in Beijing SHANGHAI: People’s Bank of China Governor Pan Gongsheng met his Bank of England counterpart, Andrew Bailey, on... Published 12 Jan, 2025 11:03am
World Facing market pain, UK’s Reeves says ‘pragmatic’ China ties will help growth BEIJING: British finance minister Rachel Reeves, facing criticism for travelling to China during financial market... Published 11 Jan, 2025 10:37am
Markets Buoyant dollar keeps pound, euro and yen under pressure SINGAPORE: The U.S. dollar charged ahead on Thursday underpinned by rising Treasury yields, putting the yen,... Published 09 Jan, 2025 08:07am
Business & Finance Brace! Risks stack up for the global economy in 2025 No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new... Published 23 Dec, 2024 11:34am