Bank of England
Bank of England holds rate; trims growth forecast
The Bank of England on Thursday held its main interest rate at a record low 0.25 percent and crimped its economic growth forecast as Brexit uncertainties hit consumption.
U.K. inflation rate rises less than expected
U.K. inflation picked up less than economists forecast in January as clothing-store discounts kept the rate from reaching the Bank of England’s target.
BoE chief laments uncertainty over economic forecasts
The Bank of England’s (BoE) Chief Economist bemoaned the inherent risks of placing too much faith in economic forecasting given the failure to foresee the financial crash in 2008 as well as the Brexit vote.
Bank of England freezes rate awaiting Brexit fallout
The Bank of England said Thursday it was keeping its key interest rate at a record-low 0.25 percent, with no indication that the Brexit vote outcome was hurting the economy.
Pound fluctuates with traders bracing for rates decision by BOE
The pound fluctuated before the Bank of England announces its interest-rates decision on Thursday as traders are wedged in between weaker economic data and extreme positions some have taken that make the currency especially ...
European stocks climb, pound plunges after BoE stimulus
European stocks shot higher and the pound plunged after the Bank of England cut interest rates and announced an additional £170 billion of stimulus to counter Brexit fallout.
Bank of England cuts rates to record low on Brexit
The Bank of England on Thursday slashed interest rates to a record low 0.25 percent and announced a vast stimulus package to combat economic fallout from Britain's looming EU exit.
Dollar slips ahead of US jobs data, BoE meet in focus
The dollar was under pressure Thursday as upbeat jobs data did little to boost hopes for a US interest rate rise, while traders also eyed a Bank of England meeting.