Tag Archives: Bank of England

Bank of England hike message furrow plough lone

Bank of England to plough lone furrow with rate hike message

06 June, 2019 9:03 am 9:03 am

LONDON (Reuters) – The Bank of England looks set to plough on alone among major central banks on Thursday by sticking with its message that it plans to raise interest rates, just as trade wars and a global slowdown have forced others to turn more cautious. The BoE is expected to repeat its intention of … Read More

UK employers plan to hold tight on pay despite labour shortages: CIPD

11 November, 2018 9:05 am 9:05 am

LONDON (Reuters) – British employers do not expect to increase the average pay settlements they offer to staff over the coming year, an industry survey showed on Monday, raising questions about whether pay will pick up as the Bank of England predicts. Employers plan to raise pay by 2 percent over the year to come, … Read More

BoE’s Carney sees 16 billion pound economy boost if Chequers Brexit d...

09 September, 2018 9:57 am 9:57 am

LONDON (Reuters) – Bank of England Governor Mark Carney has told Prime Minister Theresa May’s cabinet that the economy could expect a 16 billion pound bounce if May negotiates a Brexit deal based on her Chequers compromise plan, the Financial Times reported . Carney told ministers that if May succeeded in negotiating a deal similar … Read More

China is one of the bigger risks to global economy – Bank of England&...

09 September, 2018 10:56 am 10:56 am

LONDON (Reuters) – China’s financial system poses one of the bigger risks to global financial stability, Bank of England Governor Mark Carney said in an interview with the BBC to mark the 10th anniversary of the global financial crisis. Carney also cited domestic risks to Britain from Brexit, a further significant rise in household debt … Read More

UK enjoys fastest growth in almost a year

09 September, 2018 9:17 am 9:17 am

LONDON (Reuters) – Britain reeled off its fastest economic growth for nearly a year in the three months to July thanks to strong consumer spending lifted by the World Cup and unusually warm weather, official figures showed. Gross domestic product in the three months to July was 0.6 percent higher than in the previous three-month … Read More