Published 3 years ago

Bank of England warns inflation will rise to double target rate as upgrades future growth

Summary by Ground News

The Bank of England said U.K. inflation will spike higher than expected above 4%. Officials reckoned on the need for some “modest tightening” in due course. The BOE’s stance still chimes with a global hawkish shift. In New Zealand, officials drew an abrupt end to their own quantitative easing program in July.

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BBC News

UK interest rates held at record low despite inflation fears

Bank of England rate-setters keep rates at record low of 0.1% and maintain economic stimulus programme.

3 years ago·United Kingdom

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The Guardian

Bank of England warns inflation will hit 4% this year but holds interest rates

Monetary policy committee resists pressure to increase the cost of borrowing to calm rising prices

3 years ago·London, United Kingdom

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Reuters

Sterling holds gains as BoE sticks with stimulus despite inflation

LONDON - The British pound briefly extended its rise on Thursday after the Bank of England kept interest rates and its bond-buying programme on hold while largely sticking with its forecasts for an economic recovery. Investors will be closely watching for any signals from the central bank when the BoE governor speaks later at a news conference on plans for how it will eventually reverse

3 years ago·United Kingdom

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Daily Express

Interest rates LIVE: Bank of England poised to shock markets TODAY with unexpected hike

THE BANK OF ENGLAND (BOE) will today announce its interest rates decision which could see a hike in rates years earlier than expected in the face of looming inflation.

3 years ago·United Kingdom

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Associated Press News

Bank of England hints at rate rise amid buoyant UK recovery

LONDON (AP) — The Bank of England indicated Thursday that interest rates could rise over the couple couple of years as it painted a fairly rosy picture about the near-term prospects for the British economy following the lifting of lockdown…

3 years ago·United States

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abc News

Bank of England hints at rate rise amid buoyant UK recovery

The Bank of England has kept its main interest rate unchanged at the record low of 0.1% and says it expects the British economy to reach its pre-pandemic level by the end of the year

3 years ago·United States

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