Faster UK Economic Growth To Become Gift for the New Government
The UK economy grew faster than expected in May, providing momentum for Prime Minister Keir Starmer’s new government but raising doubts about whether the Bank...
Tag : Bank of England (BoE)
UK Exits Recession as per Official Data, Office for National Statistics
The UK’s economy grew by 0.6% in the first quarter of 2024, officially ending a mild recession that started in the second half of 2023. ...
Bank of England Hikes Rate to 5%, Highest Since 2008
On Thursday, the Bank of England (BoE) raised its interest rates by 50 basis points (bps) or half a percentage point, a bigger-than-expected rise. The...
Market Falls Further, But 40 Small Caps Beat Trend With Gains of 10-54%
Benchmark indices continued to fall in the turbulent week ended December 16, with the Sensex and Nifty down more than 1% as some significant economies...
UK Borrowing Costs Rise as BoE Sticks by Bond Plan Deadline
On Wednesday, British government borrowing costs jumped again after the Bank of England Governor told pension funds they had three days to fix liquidity problems...
Bank of England to Sell 8.7 Billion Pounds of Government Bonds in Q4
On Thursday, the Bank of England said that it would sell around 8.7 billion pounds of government bonds in the fourth and final quarter of...
UK Inflation Reaches to 1.5% in April
UK consumer price inflation more than doubled in April. Consumer prices rose by 1.5 per cent in April, the Office for National Statistics said, following...
Rupee Hits Record Low of 75 a Dollar Mark
On Thursday, the Indian rupee hit a record low of 75 against the Us dollar tracking a slump in equities and currencies globally. Investors were...