The U.K.'s central bank is set to keep interest rates on hold later Thursday as inflation has moved further above its target rate, even though the British economy is flatlining at best. The Bank of England's nine-member Monetary Policy Committee is widely expected to keep the bank's main interest rate unchanged at 4.

Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage growth.

The increase, which took inflation further away from the Bank of England's target of 2%, was in line with market expectations. This is the biggest increase since March, leading economists to rule ...

Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures.

The Bank of England is poised to keep interest rates on hold after inflation surged to an eight-month high and households were told to brace for further price rises. Hopes that the Bank could ...

For most of the UK’s inflation shock over the past two years, Bank of England policy reacted to swings in wage and prices data. Now it’s leaning much more prominently on its own forecasts.

Failed to fetch dynamically imported module: https://uk.finance.yahoo.com/assets/_app/immutable/nodes/95.DUSyTeHW.js

The U.K.’s central bank warned Thursday of “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best. The Bank of England’s nine-member ...

In response the rate-setting panel, which last cut its key rate in November, is taking a cautious stance because lower borrowing costs could potentially stoke inflation even further. The U.K.'s central bank is set to keep interest rates on hold later ...

The Bank of England is expected to hold interest rates steady at 4.75 per cent on Thursday after it was revealed that inflation in November rose to 2.6 per cent, above the central bank’s target.

The Bank of England (BoE) has opted to leave interest rates unchanged at 4.75% in its final decision of the year, as inflation continues to rise. The Monetary Policy Committee (MPC) which sets ...

The Central bank or the central banking system of a nation, is at the core of a country's economy in the 21st century. 2024 was the year of some major ups and downs amid the ongoing turmoil in different parts of the world, with the crisis in the Middle East and Ukraine standing at the forefront.