Bank of England

U.K. Finance Minister Rishi Sunak on Wednesday announced an immediate cut to fuel taxes in a bid to mitigate the country’s historic hit to living standards.

U.K. inflation came in at an annual 6.2% in February, its highest since March 1992, as soaring food and energy costs continue to deepen the country’s cost of living crisis.

The Bank of England on Thursday raised interest rates for the third consecutive meeting as the Russia-Ukraine conflict is expected to keep inflation higher for longer.

U.K. inflation came in at an annual 5.5% in January, slightly ahead of forecasts and remaining at a 30-year high.

U.K. inflation hit a 10-year high in November as the Consumer Price Index rose by an annual 5.1%.

U.K. inflation climbed to a 10-year high in November as consumer prices continued to soar ahead of the Bank of England’s monetary policy meeting Thursday.

The International Monetary Fund has urged the Bank of England to avoid “inaction bias” as it gears up for a key vote Thursday on when to hike interest rates in the face of high inflation.

Markets had been uncertain as to whether the Bank would set off on the path toward monetary policy normalization on Thursday or at its next meeting in mid-December.

The Bank of England’s Monetary Policy Committee will meet Thursday to decide whether to pull the trigger on interest rate hikes.

A substantial portion of investors expect the U.S. Federal Reserve and the European Central Bank to keep monetary policy slightly too loose for too long, according to a Deutsche Bank survey.

The U.K. is undergoing a structural overhaul in its labor market, according to Minouche Shafik, director of the London School of Economics.

Bank of England policymakers voted unanimously to keep the main lending rate at a historic low of 0.1%, where it has been since March 2020.

The 2.5% annual rise in the U.K.’s consumer price index was the highest since August 2018.

The Bank of England on Thursday kept its monetary policy unchanged, but vowed to monitor rising inflation as the U.K. economy emerges from its Covid-induced slump.

The Bank of England is expected to hold interest rates at record lows and maintain its massive asset purchase program on Thursday, but inflation poses questions.

The Bank of England held interest rates steady on Thursday and mirrored the dovish tone set by the U.S. Federal Reserve on the prospect of future tightening.

Bank of England Chief Economist Andy Haldane warned that inflation may become difficult to tame, prompting more assertive policy action.

There’s been a noticeable difference between the pandemic and the global financial crisis of 2008.

The U.K. is in a “different place” to continental Europe with regards to the need for negative interest rates, Bank of England Deputy Governor Ben Broadbent has told CNBC.

Ben Broadbent, the Bank of England’s deputy governor of monetary policy, has told CNBC that tight borders following the rollout of vaccines will be detrimental to the U.K.’s economic recovery.