Bank of England News
Bank of England
Bank of England Hikes Rates to 4%, First Raise Since 2023, Says More May Come Amid High UK Inflation
The Bank of England raises interest rates to 4%, its first hike since 2023, as UK inflation is projected to reach 4.8% in the second quarter of 2027.
Megan Greene Backs Rate Hike as UK Inflation Risks Grow
Megan Greene warns the Iran war's energy shock could fuel UK inflation through wages and prices, strengthening her case for higher interest rates.
UK Unemployment Falls to 4.7% as Job Vacancies Decline
UK unemployment unexpectedly fell to 4.7%, while job vacancies dropped to 691,000, highlighting mixed labour market conditions ahead of the October 28 budget.
UK Economy Grows 1.6% in July as AI Boom Boosts Growth
UK Economy Grows 1.6% in July as AI Boosts Services, but Higher Oil Prices, Inflation Risks and Iran War Uncertainty Threaten the Recovery