Trends - Bank of England - Business Recorder

Markets

After Fed, Europe’s central banks to decide on rates

LONDON: A clutch of European central banks announce interest-rate decisions Thursday as markets remain jittery over...

Published 23 Mar, 2023 02:20pm

Business & Finance

UK inflation rate rises to 10.4% in February

LONDON: British consumer price inflation unexpectedly rose to 10.4% in February from January’s 10.1%, figures from...

Published 22 Mar, 2023 12:21pm

Opinion

We’ve no Narasimha Rao or Manmohan Singh

It was in 1991 that India was hit by a major economic crisis resulting from a huge balance of payments deficit. The...

Updated 21 Mar, 2023 07:08am

Markets

Bank of England receives no bids in new daily dollar repo operation

LONDON: The Bank of England said it received no bids for dollar liquidity at a first daily seven-day repo operation...

Published 20 Mar, 2023 03:38pm

Business & Finance

Bank of England cautions over UK insurance reforms

LONDON: Britain’s post-Brexit insurance sector reforms, aimed at freeing up capital and boosting economic growth,...

Published 07 Mar, 2023 07:30pm

Markets

Bank of England’s Bailey says nothing decided on rates path

LONDON: Bank of England Governor Andrew Bailey said on Wednesday that nothing had been decided in terms of whether...

Published 01 Mar, 2023 03:30pm

Markets

J.P.Morgan expects additional 25bps rate hike from BoE in June

The Bank of England (BoE) will likely raise interest rates by a further 25 basis point (bps) in June as more...

Published 27 Feb, 2023 02:55pm

Markets

European shares pare early gains as US inflation data feed rate hike jitters

PARIS: European stocks ended modestly higher on Tuesday following upbeat corporate updates but pared most early ...

Published 15 Feb, 2023 06:27am

Markets

Bank of England to lift Bank Rate 25 basis points to 4.25% in March, then pause

LONDON: The Bank of England will make its final increase to borrowing costs in the current cycle next month to...

Published 14 Feb, 2023 10:21am

Business & Finance

UK skirts recession with zero fourth-quarter growth

LONDON: Britain’s economy avoided recession after flatlining in the last three months of 2022, but finance ...

Published 13 Feb, 2023 05:57am

Business & Finance

Bank of England chief concerned about ‘persistent’ high inflation

LONDON: Bank of England governor Andrew Bailey on Thursday expressed concern over persistent high inflation even if...

Published 09 Feb, 2023 09:38pm

Markets

FTSE 100 slips from record high as upbeat data stoke Fed rate jitters

LONDON: UK’s FTSE 100 slipped from a record high on Monday, after upbeat US labour market data raised worries that...

Published 07 Feb, 2023 06:07am

Business & Finance

Bank of England’s Mann doubles down on backing for rate hikes

BUDAPEST: Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned...

Published 06 Feb, 2023 02:43pm

Business & Finance

BoE and Treasury think UK is 'likely' to need digital currency

LONDON: The Bank of England (BoE) and Britain's finance ministry think the UK is likely to need to create a central...

Published 05 Feb, 2023 12:22am

Markets

BoE’s Pill says important not to raise interest rates too high

LONDON: Bank of England Chief Economist Huw Pill said on Friday it was important not to raise interest rates too...

Published 03 Feb, 2023 12:32pm

Markets

Dollar climbs as central banks see inflation risks unwind

SINGAPORE: The euro and sterling slipped against the dollar on Friday as markets took a dovish cue from policymakers...

Published 03 Feb, 2023 09:41am

Business & Finance

BoE hints rates near peak after 10th hike

LONDON: The Bank of England signalled the tide was turning in its battle against high inflation after it raised...

Published 03 Feb, 2023 06:17am

Business & Finance

Bank of England hikes interest rate tenth time in row

LONDON: The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race...

Published 02 Feb, 2023 05:50pm

Markets

Sterling falls to day’s low, gilt yields tumble as BoE signals rates near peak

LONDON: Britain’s pound and gilt yields fell on Thursday after the Bank of England raised its main interest rate by...

Published 02 Feb, 2023 05:40pm

Markets

Dollar plunges as Fed says disinflation now in play

SINGAPORE: The dollar tumbled on Thursday after the US Federal Reserve said it had turned a corner in the fight...

Published 02 Feb, 2023 09:30am

Markets

European shares end lower but log January gain

PARIS: Europe’s STOXX 600 fell on Tuesday as investors geared up for a fresh round of interest rate hikes from top...

Published 01 Feb, 2023 07:26am

Markets

FTSE 100 gains ahead of central bank meetings

LONDON: The FTSE 100 gained on Monday as investors awaited a slew of central bank decisions this week, with Unilever...

Published 31 Jan, 2023 06:58am

Markets

Oil slips as rate hikes loom and Russian flows stay strong

LONDON: Oil slipped on Monday as looming increases to interest rates by major central banks and signs of strong...

Published 31 Jan, 2023 06:45am

Markets

Asia shares welcome China back, ready for rate hikes

SYDNEY: Asian shares edged higher on Monday into a week that is certain to see interest rates rise in Europe and the...

Published 30 Jan, 2023 10:43am

Markets

Dollar cautiously firm ahead of busy central bank week

SINGAPORE: The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central...

Published 30 Jan, 2023 09:40am

Business & Finance

BoE’s Bailey sees more optimism about inflation falling

LONDON: Bank of England Governor Andrew Bailey said there was now more optimism about the prospects for inflation...

Published 19 Jan, 2023 06:14pm

Business & Finance

US dollar falls vs major currencies

NEW YORK: The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations ...

Published 18 Jan, 2023 06:22am

Markets

FTSE 100 in sight of record high as financial stocks gain

LONDON: Britain’s blue-chip FTSE 100 closed higher on Monday, leaving it less than a percent below the record high...

Published 17 Jan, 2023 06:02am

Business & Finance

UK insurance reforms pose risks to policyholders, BoE’s Bailey says

LONDON: The British government’s proposed changes to insurance sector capital rules present a risk to policyholders...

Published 16 Jan, 2023 09:08pm

Markets

London stocks slip as consumer shares drag on recession fears

Britain’s FTSE 100 retreated from a three-and-a-half year high on Tuesday, led by consumer stocks amid recession...

Published 10 Jan, 2023 02:36pm