Bank of England
British businesses turning to temporary staff to cope with volatility
BRITISH employers are relying more heavily on temporary workers, a closely watched survey shows, as they adapt to economic turbulence from the war in the Middle East.
Bank of England holds rates as officials consider hikes ahead
The Monetary Policy Committee (MPC) voted 8-1 in favour of leaving the benchmark rate at 3.75%
NIESR slashes UK growth forecast as Iran war and inflation hit economy
There was a “high likelihood” of Britain entering a recession in the second half of the year if the conflict drags on
UK public inflation expectations fell in April: survey
[LONDON] Britons’ short-term and long-term inflation expectations fell in April, in a surprise reading from a monthly survey by YouGov for US bank Citi, which said the data did not give the Bank of En...
BOE set to stress test longer energy shock while holding rates
Its monetary policy committee is expected to leave borrowing costs on hold at 3.75% on Thursday
An unexpected benefit of UK banknote innovation: Britons eat less cash
The number of damaged notes – especially those that have been ‘chewed or eaten’ – is down substantially
Central banks stand ready to tackle war-led inflation
[LONDON] Top central banks said on Thursday they stood ready to tackle any surge in inflation with tighter policy, as an escalation in the Iran war put the Middle East’s vital energy infrastructure in...
BOE ‘stands ready to act’ as it unanimously votes to hold rates
It has voted to leave rates unchanged at 3.75%
Bank of England moves to strengthen lenders' crisis readiness
It aims to improve lenders’ ability to convert assets into cash during stress events
Bank of England sheds senior staff as 75 get top £150,000 payout
As part of cost-cutting efforts, 8% will depart in the coming months
