The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.
THE UK’s rate of inflation has slowed in a boost for the government – we reveal what it means for your money. The Office for National Statistics (ONS) said the Price Index
The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of the year.
The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.
The most closely followed of these methods used by the Government and the Bank of England (BoE) is the Consumer Price Index, often abbreviated to CPI, which is published each month by the Office ...
Tepid growth across British businesses edged up at the start of 2025 but employment and optimism contracted again and price pressures rose, according to a survey that underscored the challenge facing the Bank of England.
The Bank of England’s target for inflation is 2 ... Earlier on Wednesday, official consumer price index (CPI) figures from the US Bureau of Labor Statistics showed that annual US inflation ...
Inflation dropped slightly in the month of December but remained above the target set by the Bank of England. The Consumer Price Index (CPI) rose by 2.5% in the 12 months to December 2024, down from 2.6% a month earlier.
The rate is still well above the Bank of England’s target of 2% but could open the door to another interest rate cut next month
Inflation is stuck above the BoE's 2% target and looks set to rise further while the economy has stagnated since the middle of 2024, offering conflicting signals for the central bank's rate-setters.