Page 2 of Bank of England

Bank of England set to raise rates to 4.75% as inflation slow to fall

The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75%…

June 16, 2023 17:17 IST

Bank of England, UK interest rate, economy, inflation, Monetary Policy Committee, investors, mortgage costs, borrowing costs, quantitative easing, financial crisis, Goldman Sachs

Bank of England won’t return balance sheet to pre-financial crisis levels, Bailey warns

The BOE is currently unwinding about £20 billion ($25 billion) of quantitative easing every three months, both as assets mature…

May 19, 2023 10:40 IST

Bank of England raises key rate to 4.5%, says further hikes may be needed

The UK central bank lifted its key rate a quarter point as expected to 4.5%, with two of the nine-member…

May 11, 2023 16:59 IST

UK central bank may hike rates after big jump in food prices

Inflation has proved to be more stubborn in Britain than the US, partly because it has been more exposed to…

March 23, 2023 17:29 IST

HSBC, private banking, investable assets, wealth managers, UHNIs, customers

SVB UK sold to HSBC for this unbelievable amount; Hint: It’s less than your Hotstar monthly subscription

The move came just after SVB UK, on March 10, had said that it intended to apply to the Court…

March 13, 2023 14:01 IST

uk, uk economy, bank of england, britain economy,

Bank of England hikes interest rates again but softens pace

The Bank of England raised the benchmark rate by half a percentage point, to 3.5 per cent, the highest level…

December 15, 2022 18:30 IST

UK economy shrinks as economists warn of more pain to come

The Office for National Statistics said gross domestic product fell by 0.2 per cent between July and September, a smaller-than-expected…

Updated: November 11, 2022 15:22 IST

Global Markets: Stocks and oil rally as China hints at COVID respite

Economists expect 200,000 workers to have been added to US non-farm payrolls in October.

November 4, 2022 18:13 IST

Bank of England makes biggest rate hike since 1989, sees inflation rising to 40-yr high; more hikes to follow

The BoE estimates that Britain’s economy entered recession in the third quarter of 2022 and that the recession will last…

November 3, 2022 17:58 IST

It has seen the pound tumble against the dollar as investors demand a greater rate of return for UK bonds because the level of government borrowing required to fund the financial measures have spooked the markets.

Bank of England steps in to calm markets, offers to buy long-term debt amid dire IMF warning

“Global financial markets have seen significant volatility in recent days. The Bank has identified a risk from recent dysfunction in…

September 28, 2022 18:59 IST

Bank of England, Bank of England news, Bank of England latest, pound sterling, global market, economy news

Bank of England eyes market turmoil, ‘will not hesitate’ to act

Finance minister Kwasi Kwarteng sent sterling and government bonds into freefall on Friday with a so-called mini-budget that was designed…

Updated: September 27, 2022 08:25 IST

Bank of England likely to raise key interest rate

Economists expect the Bank of England to boost its key rate to 0.75% after Russia’s war in Ukraine pushed oil…

Updated: March 17, 2022 17:16 IST

US Federal Reserve may go hawkish in June 16 monetary policy; US dollar index likely to touch 91.50

The market participants have a lot of expectations from 16th June US Fed monetary policy. Two key factors which Fed…

June 12, 2021 11:32 IST

U.S. Federal Reserve Bank, U.S. Federal Reserve interest rate, U.S. Federal Reserve system

Caution pervades at four of world’s top central banks

It is a sign of the caution that permeates the global economic outlook when four of the world’s top central…

June 11, 2016 13:47 IST

Bank of England may need cash from foreign central banks as Brexit vote nears, IMF says

The Bank of England may need to call on other central banks for foreign currencies if fears over Britain’s referendum…

May 13, 2016 21:38 IST

Beer becomes Bank of England’s new tipple of choice

The Bank of England is cutting down on wine and has started serving beer instead since Canadian Mark Carney…

November 15, 2014 13:06 IST

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IndiGo flight status today LIVE Updates: 1500 flights to be operational today; 135 routes active, says airline

IndiGo told to clear all refunds by today evening

Airlines/Aviation4 hr ago

Ministry of Civil Aviation caps airfares to prevent surge in prices following IndiGo’s service breakdown. Fare limits set at Rs 7,500 for distances up to 500 km, Rs 12,000 for 500-1,000 km, Rs 15,000 for 1,000-1,500 km, and Rs 18,000 for distances above 1,500 km. IndiGo instructed to clear all pending refunds and set up dedicated support cells

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