Organisation: Bank of England

Sign in

Organisation: Bank of England

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>The Bank of England held interest rates at 5% on Thursday.</p>

economy

Bank of England holds interest rates steady after large Fed rate cut

The move by the US regulator raised bets on further policy easing at the ECB in October but this is still not the most likely outcome given different economic realities

<p>The ECB can already see how diverging policy prospects have begun to impact global markets. Picture: Hannelore Foerster/Bloomberg/Getty</p>

economy

ECB decision to cut interest rate may weaken the euro

<p>Capital Economics’ group chief economist Neil Shearing feels that the US will cut rates later this year despite what he calls 'the hawkish rhetoric' of US Federal Reserve chairman Jerome Powell. </p>

economy

ECB will cut interest rates 'by more than the market expects'

David McNamara: British economy is stuck in stagnation

David McNamara: Bank of England on the cusp of rate cuts, amid brightening UK outlook

Europe's rush for rate cuts shifts global market power away from the US

economy

Europe's rush for rate cuts shifts global market power away from the US

House prices increase

economy

British house prices under threat if interest rate cuts delayed

Prime Minister's Questions

British economy was in recession at the end of 2023

Capital Economics predicts UK interest rates will fall rapidly

Thu, 28 Mar, 2024

Bank of England Monetary Policy Report

Central banks and markets now aligned on rate cuts

While the Fed and Bank of England held rates as expected, the accompanying forecasts and commentary from key policymakers have helped to align futures markets with central banks

Mon, 25 Mar, 2024

Federal Reserve Powell

Oliver Mangan: US Fed's clear stance on rate cuts stands in contrast with the ECB

While there was a big divergence in communications from the main central banks last week, they may be more in sync when it comes to policy easing in 2024

Mon, 18 Dec, 2023

Key Speakers At Danmark Nationalbank Conference

ECB's Philip Lane sees good case for economy 'soft landing'

But he warned about a new 'energy shock' aggravated by war in the Middle East

Thu, 02 Nov, 2023

Oliver Mangan: More pain in store for stock markets as central banks grapple with decades-high inflation

Oliver Mangan: Britain avoids recession, but inflation still weighs heavily

Unexpected resilience shown over the past year with growth concentrated in the services sector

Mon, 23 Oct, 2023

Interest rates

British interest rates likely heading much higher on inflation reading

Core inflation in July was unchanged at 6.9% from June

Wed, 16 Aug, 2023

UK interest rates

British economic growth 'expected to be below pre-pandemic rates' for three years

British inflation has flared higher than in many other European countries, despite it raising interest rates beyond levels imposed by the European Central Bank

Thu, 03 Aug, 2023

UK interest rates

Old notions of high inflation 'won't help reduce British debt levels'

Government debt now more sensitive to changes in interest rates and prices, budget watchdog says

Fri, 14 Jul, 2023

UK interest rates

Irish small exporters 'anxious' over British inflation and mortgage rate hikes

Inflation in the eurozone has also persisted at higher levels than once thought, but is running below British levels.

Thu, 06 Jul, 2023

UK interest rates

UK banks quizzed over 'measly' saving rates offered to customers

"Savings rates have increased and we always encourage people to shop around," said a spokesperson for bank lobby group UK Finance.

Mon, 03 Jul, 2023

British Chambers of Commerce conference

John Fahey: Bank of England re-accelerates the pace of tightening

There has been a notable firming in market rate expectations for the UK over the last number of weeks

Mon, 26 Jun, 2023

London City Stock

Bank of England raises interest rates by a half point to 5%

The Bank of England has raised interest rates by a half point to 5% as it intensifies its efforts to tackle stubbornly high inflation, adding to the strain on households struggling with soaring mortgage costs.

Thu, 22 Jun, 2023

British Chambers of Commerce conference

Hunt backs more rate hikes despite risk of recession

British chancellor of the exchequer Jeremy Hunt said he supported the Bank of England in its quest to bring down inflation

Fri, 26 May, 2023

London aerial views

Oliver Mangan: The British economy is down, but not out

The shifts in the Bank of England’s macro forecasts have been quite dramatic over the past six months

Mon, 22 May, 2023

Key Speakers At Danmark Nationalbank Conference

ECB back in spotlight after US Federal Reserve hikes rates by quarter point

Leading economist Austin Hughes has said the ECB "should decouple" from the US central bank over interest rates

Wed, 22 Mar, 2023

Germany European Central Bank

Oliver Mangan: Central banks to keep the pedal to the floor over rate hikes

Banks indicating policy will need to be kept tight for a long time to return inflation to target

Mon, 27 Feb, 2023

Boris Johnson becomes PM

Irish Examiner view: Signs of Brexit’s failure to deliver

Weakened economy

Tue, 14 Feb, 2023

Brexit

Brexit investment slump 'costs UK households £1,000 each'

Bank of England says Britain was 'stopped in its tracks' by Brexit

Mon, 13 Feb, 2023

Bank of Ireland shares climb 5.5% on outlook

Bank of Ireland shares climb 5.5% on outlook

Bank of Ireland shares have now soared by over 70% this year, to value the lender at over €8.85bn

Fri, 16 Dec, 2022

Cost of living crisis

Sterling falls against dollar and euro on 'dovish' UK rate hike

The Bank of England's dovish stance contrasted with the ECB, which also raised rates by 50 basis points, but signalled further increases ahead to combat rising prices

Thu, 15 Dec, 2022

House prices

UK house prices can fall by 20% 'without causing distress'

Credit Suisse expects a 10% decline in house prices in 2023, and other economists also predict large falls

Tue, 13 Dec, 2022

European Central Bank President Christine Lagarde Rate Announcement

Year of fighting inflation set to end with 24 hours of interest-rate hikes

The world's biggest economies are expected to unveil further rate hikes

Sun, 11 Dec, 2022

Quiet Bank junction

Brexit 'partly to blame for record UK inflation'

Brexit is partly to blame for historically high inflation in the UK by causing labour shortages, strengthening pricing pressure among firms, and weakening the economy, Bank of England chief economist Huw Pill has said.

Wed, 30 Nov, 2022

Food bills

UK economic contraction heralds start of protracted recession

The Bank of England, which has raised interest rates eight times since December, says a recession is the inevitable price of bringing double-digit inflation under control

Fri, 11 Nov, 2022

Oliver Mangan: The differing outlooks for the world economies

Oliver Mangan: The differing outlooks for the world economies

Differing outlooks for the eurozone, the US and British economies was reflected in the recent policy meetings of their respective central banks

Mon, 07 Nov, 2022

British pound sterling coins

Sterling could fall further against euro and dollar on UK's woes

MUFG's Derek Halpenny warns of the risk that growth will not be able to withstand many further rate hikes

Sun, 06 Nov, 2022

Europe Economy

Talk of a third 0.75% rate hike from the ECB in six weeks

'This energy crisis is causing massive inflation, which we have to defeat', ECB president Christine Lagarde said

Sun, 30 Oct, 2022

LONDON- JUNE, 2020: Bank of England and Royal Exchange Building, an historic and famous building in the City of London

UK Treasury to transfer £11bn to Bank of England to cover bond-buying losses

British MPs are set to debate the payment, which will cover losses for six months, next week

Wed, 19 Oct, 2022

Liz Truss at Prague summit

British market sell-off gets reprieve on talk of Truss U-turn

Sterling buoyed by reports that officials are working on reversal of sweeping tax cuts

Thu, 13 Oct, 2022

Cost of living crisis

Bank of England forced to buy inflation-linked bonds amid 'risk to UK financial stability'

The IMF's chief economist said Kwasi Kwarteng's push for growth and the Bank of England's actions were akin to two people trying to steer a car in different directions.

Tue, 11 Oct, 2022

LONDON- JUNE, 2020: Bank of England and Royal Exchange Building, an historic and famous building in the City of London

British pension funds want the Bank of England to keep buying bonds beyond this week

Bank has already postponed a so-called active quantitative tightening programme to the end of the month and has had to start buying debt to prop up the market

Tue, 11 Oct, 2022

London City Stock

Bank of England reassures over exit of bond-buying programme

Britain's credit outlook lowered to negative by Fitch, citing risk that new growth plan could increase fiscal deficit

Thu, 06 Oct, 2022

Conservative Party Conference 2022

Truss backs off from reviewing interest rate mandate of Bank of England

British Prime Minister Liz Truss backed the Bank of England’s authority to set interest rates independently, dropping previous mentions of a review into the central bank’s policy-making.

Wed, 05 Oct, 2022

Mini-budget

Jim Power: The UK's fiscal woes could get worse

Here in Ireland, we can afford to look across the Irish sea with some amusement, but we shouldn’t get carried away.

Sun, 02 Oct, 2022

Tube strike

Bank of Ireland value falls €1bn since UK financial turmoil onset

Shares in other Irish firms with large British operations also hit

Thu, 29 Sep, 2022

Mini-budget

Sterling hits historic low to drive expectations for large UK interest rate hikes

Bank of America said British economic policy was 'toxic' and helping drive sterling into a crisis

Mon, 26 Sep, 2022

Conservative leadership bid

Mike Dolan: Britain bracing for brewing economic storm this winter

Britain's households are facing multiple hits from rising energy bills over the coming six months, deep real wage cuts, and rising borrowing costs

Fri, 19 Aug, 2022

Coronavirus - Wed Dec 1, 2021

Oliver Mangan: British economy running on empty with inflation seen peaking at eye-watering 13%

Bank of England forecasts recession for British economy next year, with incomes declining by almost 4%

Mon, 08 Aug, 2022

Coronavirus - Mon Jan 10, 2022

Britain heading for year-long recession, Bank of England predicts

Bank announced a further hefty hike in official interest rates of a half a percentage point, as it fights an epic battle to get British inflation under control

Thu, 04 Aug, 2022

Irish economy

Jim Power: I worry about risks facing Irish small firms in the next few months

It is quite extraordinary the extent to which unwelcome news is building globally. everywhere continues to scale new heights and what was once seen as a "transitory" problem seems to be becoming more embedded with every week that passes.

Mon, 01 Aug, 2022

cash

Oliver Mangan: The dollar's strength is giving it a distinct advantage over other currencies

The dollar has soared over the past year, climbing by 17% on a trade-weighted basis against a basket of peers. Higher rates are giving the dollar a distinct advantage over other currencies.

Mon, 27 Jun, 2022

Germany European Central Bank

Central Bank chiefs get to share their troubles this week

The trade-off between quelling inflation and cushioning growth is likely to be a recurring topic at the ECB gathering

Mon, 27 Jun, 2022

Boris Johnson visit to Cornwall

Worst squeeze in 21 years for British households piles pressure on Johnson

It creates a major challenge for Bank of England governor Andrew Bailey as policy makers try to curb inflation without pushing the UK economy into recession

Tue, 14 Jun, 2022

Boris Johnson visit to Darlington

Boris Johnson insists Britain will dodge recession amid soaring inflation and cost-of-living crisis

Despite inflation reaching a four-decade high, Johnson says 'there are ways forward for the UK that are incredibly exciting'

Thu, 26 May, 2022