Bank Of England
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No more rate hikes? Central banks see calm in sight amid inflation battleAll 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.WorldFeb 2
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Bank of England hikes rates by half point to 4% amid inflation fightThe 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.WorldFeb 2
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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.WorldDec 20, 2022
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Bank of England makes historic rate hike amid ‘very challenging’ economic outlookThe 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.WorldNov 3, 2022
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U.K. reverses tax cut for wealthy after market turmoilFinance minister Kwasi Kwarteng said the decision to scrap the top rate tax cut had been taken with "some humility and contrition."WorldOct 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.EconomySep 27, 2022
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Bank of England warns of more interest rate hikes as pound hits record lowThe 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.EconomySep 26, 2022
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Bank of England hikes key interest rate 0.5 percentage points amid recession fearsThe Bank of England raised its benchmark interest rate to 2.25 per cent on Thursday, a step of 50 basis points, as it looks to get a handle on inflation.EconomySep 22, 2022
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Death of Queen Elizabeth II pushes Bank of England to delay rate hike decisionThe Bank of England will delay its benchmark interest rate decision by a week, the institution announced, as the United Kingdom mourns the death of Queen Elizabeth II.EconomySep 9, 2022
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Bank of England makes biggest rate hike in 27 years, warns of recession until 2024The British pound sterling fell as the Bank of England said Britain would enter a recession at the end of 2022 and not emerge until early 2024.CanadaAug 4, 2022
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