How Trump's Pick for Treasury Secretary Once Helped Break the Bank of England
Scott Bessent, Trump's pick to guard America's financial system as treasury secretary, once helped orchestrate a huge trade ...
Bank of England's Taylor says it's time to cut interest rates
The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain's economy, Alan ...
Bank of England’s Taylor Sees Need for ‘Pre-Emptive’ Cuts to Lessen Recession Risk
Newest policy-committee member recommends taking out ‘a little insurance’ amid signs of weakening demand in a fragile economy ...
Bank of England's Bailey warns against risks from economic nationalism
Bank of England Governor Andrew Bailey called for the world's financial powers, led by the United States and China, to avoid ...
Traders bet on more Bank of England rate cuts in 2025 after data shocks
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister ...
City A.M.1mon
Bank of England may be forced to prioritise growth in 2025
Despite inflation continuing to be a headache for the Bank of England, leading it to hold interest rates today, the central bank may end up being forced to make more cuts than it would like in ...
Sky1mon
Bank of England keeps 'gradual' cut prospects alive as interest rate held
The Bank of England has maintained its guidance for "gradual" interest rate cuts next year, following surprise support for a reduction this month. Its rate-setting committee, while deciding to ...
The New York Times1mon
Britain’s Economy Is ‘Bumbling’ Into the New Year
And while interest rates are coming down, the pace has been slow. On Thursday, the Bank of England held interest rates at 4.75 percent. A day earlier, data showed that inflation accelerated to 2.6 ...