Page 8 - Bank Of England

UK economy shrinks in second quarter, sharpening recession fears

The statistics office said health spending was the biggest contributor to the fall, as the government scaled down coronavirus testing, contact tracing and vaccination programs.

As UK heads for recession, here's who could control finances in new govt

With the Bank of England predicting inflation topping 13% in the fall and a recession lasting through 2023, the next incumbent of 11 Downing Street will be under immediate pressure

UK heading for recession on BOE view even with Liz Truss tax cuts

Tory leadership favourite has pledged $47-bn tax giveaways

Dollar edges higher as investors turn attention to key US jobs data report

The U.S. dollar index, which measures the greenback against a basket of currencies, was up 0.22% to 105.93, after sliding 0.68% on Thursday, the largest fall since July 19.

Crypto wrap: RBI MPC unlikely to impact global crypto prices, say experts

The Reserve Bank of India (RBI), on Friday, hiked the repo rate by 50 basis points for the second consecutive time to 5.4 per cent

Will RBI catch up with rest of the world on Friday in terms of rate hike?

On August 4, the Bank of England is expected to raise rates by 50 bps to 1.75 per cent. A Business Standard poll of 10 economists expects the RBI to raise rates by 35-50 bps

BoE raises rates by most since 1995 even as long recession looms

The BoE's Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75% - its highest level since late 2008 - from 1.25%

Top headlines: BoE raises rates by most since 1995; GAIL Q1 net up 51%

GAIL (India) Ltd, the nation's largest gas utility, on Thursday reported a 51 per cent jump in its June quarter net profit on the back of bumper margins from gas marketing

UK already in recession as cost of living crisis hits household incomes

The UK economy is already in recession as the cost of living crisis has devastating consequences for household incomes, a leading think tank has concluded

UK braces for biggest hike in interest rates in 27 years: Report

Bank of England says prices may leap as much as 11% this year

UK economy unexpectedly jumps in May as doctors and travel agents get busy

Britain's new finance minister, Nadhim Zahawi, welcomed the signs of growth but said there was no room for complacency

UK inflation rate hits new 40-year high of 9.1% in May, likely to rise more

The Bank of England says inflation could hit 11% in October when a cap on domestic energy bills is lifted

Unknown unknowns

Risk of a global shock will increase with higher rates

Bank of England boosts interest rate to 13-year high as inflation soars

Policy makers led by Governor Andrew Bailey hinted that they may join a growing global trend for larger hikes if inflation continues to soar

Bank of England nudges rates up again, but says ready to act forcefully

BoE raises rates by another 25 basis points to 1.25%; hike is smaller than recent moves by other central banks

Bank of England set to raise rates again as inflation heads for 10%

That would take Bank Rate to 1.25%, its highest level since January 2009, when Britain's economy was holed by the global financial crisis

Global stocks, dollar firm ahead of rate meetings, crude hits $120

The European Central Bank meets on Thursday, though it is not expected to begin raising interest rates until July, with rate setters at the US Federal Reserve and Bank of England gathering next week

Govt plans to offload some of interest cost on aid given to partner nations

The central government plans to tweak letters-of-credit rule

RBI's gold reserves up over 100 tonnes in the last two years, shows data

As at end-March 2022, the Reserve Bank held 760.42 tonnes of gold, including gold deposits of 11.08 tonnes

Dollar index hits 20-year high, sterling tumbles on dovish Bank of England

Stocks tumbled on Thursday as investors fretted the Fed might need to take more drastic action to bring inflation under control