The Governor of the Bank of England, Andrew Bailey, hinted that the bank might lower interest rates even before inflation reaches its 2 per cent target. Speaking to the Treasury select committee, Bailey noted a rapid decline in UK inflation…

According to a closely watched survey released today, inflation in the UK economy persists due to businesses passing on higher wage costs, despite signs of easing price pressures. The survey conducted by S&P Global and the Chartered Institute of Procurement…

BANK OF ENGLAND STRIKE: First time in more than fifty years Bank of England will be on a strike. The support staff will go ahead with it from Tuesday to Thursday after talks at the conciliation service Acas failed to…

Bank of England (BoE) governor Mark Carney warned British Prime Minister Theresa May not to tell him how to do his job as he would not take instruction from politicians on how Monetary Policy Committee determines interest rates. Earlier, during…