The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.
The Bank of England’s regulatory arm set out a string of ideas that could meet the government’s call to boost economic growth, including a new “concierge service” for foreign firms entering the UK market and streamlining the process for creating new rules.
Women trust the Bank of England less than men and feel more squeezed by cost-of-living shocks, new research shows, underlining the challenge facing the central bank to improve its public reputation.Mo
UK food prices climbed at the fastest pace in nine months at the start of 2025, adding to a growing list of inflation threats for the Bank of England to grapple with at its crucial meeting next week.Most Read from BloombergWhat Happened to Hanging Out on the Street?
Additional Tier 1 bonds should not be part of banks’ capital stack if and when the Bank of England decides to overhaul its rules, an adviser at the central bank specializing in regulatory capital said at an industry event.
UK employment plunged in the weeks after Labour increased payroll taxes in its first budget, reinforcing the case for the Bank of England to continue cutting interest rates.Most Read from BloombergHow
The Bureau of Economic Analysis is set to release the first estimate of growth in inflation-adjusted fourth-quarter gross domestic product on Thursday at 8:30 a.m. Eastern. Economists surveyed by FactSet expect real GDP grew at a seasonally adjusted annual rate of 2.5% in the period, versus the 3.1% pace of growth set during the third quarter.
The disappointing GDP figures from Germany, France, and Italy today provide a weak backdrop for the ECB, which is set to deliver a quarter-point cut. Click to read.
A UK court ruled that two North Sea oil and gas fields must re-apply for environmental permits while allowing the developments to continue, setting up a crucial test of whether the new Labour government will prioritize economic growth or climate action.
Jerome Powell, chairman of the US central bank, said that the bank is pausing to see further progress on inflation getting toward target following a string of cuts last year.
Bond traders emerged from the Federal Reserve’s meeting exactly where they were before it began: with little conviction about where interest rates are headed as President Donald Trump casts uncertainty over the direction of the economy.
Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a full percentage point in the final months of 2024. Whe