bank of england

The world’s major central banks meet in the coming week to set monetary policy amid continued signs that the worst inflation crisis in decades is easing.While the Federal Reserve and European Central Bank are each expected to raise interest…

In June, hiring in the United States slowed down. As per a US Labour Department statement released on Friday, this signals a cooling of the American economy before an upcoming interest rate decision.As per an AFP report, the figures fell…

Wimbledon will come and go but the battle over its expansion plans drags on — and many expect it to rumble on for several summers more.Any visitor to qualifying at Roehampton last week will have noticed the transformation of the site. What…

NEW DELHI: Foreign portfolio investors (FPIs) continue to show confidence in Indian equities and pumped more than Rs 30,600 crore in June so far, as they bet on the country's stable macroeconomic profile and sturdy corporate earnings…

Fears of persistent high inflation, slow wage growth and high mortgage rate have forced the Bank of England to raise the interest rate by 0.5 percent to a 5 percent. This is its 13th consecutive hike, taking the interest rate in the United…

Fears that the British economy is heading for recession mounted sharply Thursday after the Bank of England raised borrowing costs by more than anticipated, seeking to combat stubbornly high inflation with a hike that will hit…

Global stocks mostly fell Tuesday following a smaller-than-forecast Chinese interest rate cut, while a pullback in US markets suggested a rally was running out of steam.Asian stocks finished mostly lower, as did European equities. All three…

Last Updated: June 17, 2023, 00:40 ISTNew York, United States of America (USA)Oil has gained this week on hopes of growing Chinese demand. China's refinery throughput rose in May to its second-highest total on record. (Image: Reuters…

The interest rate hike will pile more pressure on borrowers, particularly those who have mortgages that track the bank's headline rate.The bank, which is tasked with keeping inflation at around 2 per cent, said that inflation would likely…

The U.S. dollar rose against a basket of major currencies on Thursday, after recent jobless claims data strengthened the case for the Federal Reserve to halt interest rate hikes, but kept a high bar for a year-end cuts.The number of…