As unemployment in the UK reaches its highest level in six months, economists predict a possible interest rate cut by the Bank of England to stimulate the slowing jobs market. Despite a slight dip in wage growth, concerns over inflationary pressures linger amidst signs of cooling employment trends.
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Bank of England holds interest rate at 5.25% as policymakers are split over decision
The Bank of England has held interest rates at 5.25% in a decision that saw its rate-setting body split three ways.
Wage growth cools slightly but Bank of England expected to hold interest rate
Annual wages grew 7.3 per cent in the three months to the end of October, a slight fall on the month before and a figure which will give the Bank of England more freedom to hold interest rates later this week.
UK Recruiters warn Bank of England of permanent hiring dip due to economic uncertainty
UK recruiters have warned the Bank of England of a dip in permanent hiring across UK businesses as organisations grapple with ongoing economic turbulence, according to a new report.
Bank of England set to examine risks posed by artificial intelligence
The Bank of England will examine the financial stability risks posed by artificial intelligence in an effort to keep regulators’ eyes open to the technology’s threats.
Bank of England holds Interest at 5.25% again
Interest rates are expected to be left unchanged as the Bank of England looks to balance the impact of higher rates on the UK economy.
Bank of England maintains interest rate at 5.25%
The Bank of England has left its interest rate unchanged at 5.25%, a day after inflation unexpectedly fell by more than expected.
Bank of England governor Andrew Bailey says Peak interest rates ‘reached’
The governor of the Bank of England yesterday cast doubt on the need for further interest rate rises, sending the pound to a three-month low.
Bank of England’s top economist offers two routes to beating inflation
Tourist attraction, backdrop to millions of selfies and one of the world’s most easily identifiable landmarks. Cape Town’s Table Mountain is all of these things, but now it has found a new role: as a guide to what will happen to UK interest rates.
Bank of England Raises Interest Rates to 5.25%: A Milestone in the Fight Against Inflation
In a significant move to combat high inflation, the Bank of England (BoE) has announced its 14th consecutive interest rate hike, pushing rates to a fresh 15-year high of 5.25%.
TUC urges Bank of England to halt ‘reckless’ interest rate increases
The TUC has urged the Bank of England to call a halt to interest rate increases after warning that widespread job losses in recent months have left the UK “teetering on the brink of recession”.
Record wage growth could see another interest rate rise from Bank of England
It seems strange to cheer what economists call a “loosening in the labour market”.
Bank of England raises interest rates by a half point to 5%
The Bank of England has raised interest rates by a half point to 5% as it intensifies its efforts to tackle stubbornly high inflation, adding to the strain on households struggling with soaring mortgage costs.
Revolut’s attempts to secure banking licence thrown into doubt by Bank of England
The fate of Revolut’s attempts to secure a long-awaited banking licence from City regulators was thrown into further doubt last night after it emerged that the Bank of England was minded to reject the company’s application.
Bank of England raises UK interest rates to 4.5%
The Bank of England has raised interest rates by a quarter of a percentage point to 4.5% amid growing concerns about persistently high inflation in the UK.