Category: England
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Bank of England cuts interest rates to 5% in first reduction since 2020
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The Bank of England has cut interest rates for the first time in more than four years, providing much-needed relief to millions of homeowners and families still struggling with the high cost of living. In a controversial decision announced at midday, the nine-member Monetary Policy Committee voted 5-4 to cut…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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UK pay growth slows but remains high for Bank of England By Reuters
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LONDON (Reuters) – British workers’ wage growth slowed in the three months to the end of May but remained at levels typically too high for the Bank of England to keep inflation at its 2 percent target. Average weekly earnings excluding bonuses – a key gauge of inflationary pressures for…
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Rapper Nicki Minaj cancels show in England after being held at Amsterdam airport By Reuters
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AMSTERDAM (Reuters) – American rapper Nicki Minaj on Saturday canceled a concert in Manchester, England, after she said police detained her at Amsterdam Schiphol Airport over allegations of possession of soft drugs. “Despite Nicki’s best efforts to explore every possible avenue to make tonight’s show happen, today’s events have made…
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Bank of England expects inflation to fall faster than previously predicted
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The Bank of England now expects inflation to fall more quickly than previously expected, falling below the central bank’s 2 per cent target for an extended period. This forecast indicates the need for interest rates to fall faster than what financial markets are currently pricing in. According to the bank’s…
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
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The Bank of England is expected to keep interest rates steady at 5.25%, the sixth consecutive fix on Thursday. This decision comes against the backdrop of continued high inflation, which currently stands at 3.2%, which exceeds the bank’s target of 2%. In addition to the interest rate announcement, the bank…
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Bank of England Financial Policy Committee member Hall speaks on Tuesday
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