Bank Of England

• Bank of England holds key rate after U.S. Fed makes 1st cut in 4 years

  The Bank of England kept its benchmark interest rate on hold at five per cent on Thursday, mere hours after the U.S. Federal Reserve had delivered an oversized rate cut.

  Economy

  Sep 19
  
• Bank of England joins global easing cycle with 1st rate cut in 4 years

  The bank said that by a 5-4 margin, its policymaking panel backed a quarter-point reduction in its main interest rate to five per cent, from the 16-year of 5.25 per cent.

  Economy

  Aug 1
  
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• Bank of England’s surprise rate hike spurs U.K. recession fears

  The size of the Bank of England's 13th hike in a row was somewhat of a surprise, with most economists predicting a smaller quarter-point increase.

  Economy

  Jun 22, 2023
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• No more rate hikes? Central banks see calm in sight amid inflation battle

  All said they remain committed to keeping credit conditions as tight as necessary to return inflation to their common two per cent target from current levels still far above that.

  World

  Feb 2, 2023
• Bank of England hikes rates by half point to 4% amid inflation fight

  The International Monetary Fund this week said that the U.K. was on track to be the only major economy to shrink this year, even as the outlook for the rest of the world improves.

  World

  Feb 2, 2023
• King Charles banknote revealed in England — what’s in store for Canada?

  The Royal Canadian Mint said they have 'a team in place' that is ready to change Canada's coins once Parliament announces a decision about switching to an image of King Charles.

  World

  Dec 20, 2022
• Bank of England makes historic rate hike amid ‘very challenging’ economic outlook

  The BoE estimates that Britain's economy entered recession in the third quarter of 2022 and that the recession will last until the middle of 2024.

  World

  Nov 3, 2022
• U.K. reverses tax cut for wealthy after market turmoil

  Finance minister Kwasi Kwarteng said the decision to scrap the top rate tax cut had been taken with "some humility and contrition."

  World

  Oct 3, 2022
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• British pound stable after sharp drop, but analysts warn it’s ‘too little, too late’

  The United Kingdom's pound has stabilized a day after plummeting to a record low as the British government plans tax cuts to deal with a cost-of-living crisis.

  Economy

  Sep 27, 2022
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• Bank of England warns of more interest rate hikes as pound hits record low

  The United Kingdom's pound sterling hit a record low compared with the U.S. dollar in trading on Monday as the new government announced major tax cuts.

  Economy

  Sep 26, 2022