Feature BoE’s Mann warns of overestimated rate cuts Aya El Sayed Mar 26, 2024 0 Financial markets might be overly optimistic about the number of interest rate cuts anticipated this year, said…
Banks Citigroup predicts BoE to reduce interest rates in June Nada Ali Mar 13, 2024 0 Citigroup predicts the Bank of England (BoE) will reduce interest rates this year, with the first cut likely in…
News UK’s slips into tech recession in Q4 ’23, Nada Ali Feb 15, 2024 0 UK’s economy experienced a recession in the second half of 2023, presenting a formidable challenge for Prime…
News UK inflation holds steady at 4.0% in Jan. Nada Ali Feb 14, 2024 0 British inflation remained at 4.0 per cent in January, defying expectations of an increase, lower than economists’…
Money UK regular wages grow by 6.2% in Q4 ’23 Nada Ali Feb 13, 2024 0 British regular wages excluding bonuses increased by 6.2 per cent in the fourth quarter of 2023, compared to the…
Money Bank of England keeps rates unchanged Yomna Yasser Feb 1, 2024 0 The Bank of England (BoE) announced on Thursday that its Monetary Policy Committee (MPC) decided to keep interest…
International News UK CPI inflation jumps to 10.4% in Feb. Norhan Adel Mar 22, 2023 0 The Office for National Statistics announced on Wednesday UK's consumer price index (CPI) reached 10.4 percent in…
Banks HSBC pays £1 to rescue UK Silicon Valley Bank Nada Ali Mar 13, 2023 0 HSBC UK Bank, announced on Monday that it has agreed to acquire Silicon Valley Bank U.K. (SVB) for £1 ($1.21), the…
International News UK inflation hits 9.4% in June, seen at 13% in Oct. Nada Ali Aug 17, 2022 0 UK inflation increased to 9.4 percent in June and the Bank of England (BOE) said inflation will hit 13 percent in…
Money Bank of England unveils largest interest rate hike in 27 years Yomna Yasser Aug 4, 2022 0 The Bank of England has on Thursday raised interest rates by 50 basis points, its largest single increase since…