Bank of England holds base rate at 4.5% in blow to mortgage holders
The Bank of England has kept the central interest rate at 4.5%, with policymakers warning of increased uncertainty over global trade due to new US tariffs. Eight of the nine members of the Bank's Monetary Policy Committee (MPC) voted to hold rates steady as they assess the impact of global economic and political developments.
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Pound rises above $1.30 for the first time since November as UK inflation persistsThe Pound Sterling surged by over 0.1% on Tuesday, reaching around $1.30 for the first time since November after the U.S.
Taking the big picture, we can say for sure that those doing very well out of our generally stagnant economy are ...
LONDON (Reuters) - The British public's expectations for inflation in the short term hit their highest level in more than a ...
The UK government sets a target inflation rate of 2%, as high inflation can cause wide-scale problems for a country’s economy. Hyperinflation refers to an uncontrollable rate of inflation ...
LONDON (Reuters) - The pace of British pay growth was little changed in the three months to January, according to official ...
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