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Bank of England boss says UK closer to higher rates

Bank of England boss says UK closer to higher rates

Last Updated: Wednesday, July 23, 2014, 22:36

The Bank of England needs to start hiking record-low interest rates in the coming months, governor Mark Carney indicated on Wednesday, adding that the economy was rapidly gaining strength.

Global economy weekahead; living in interesting times

Last Updated: Sunday, July 06, 2014, 15:57

The European Central bank cut rates last month and may yet have to resort to quantitative easing to ward off deflation.

Bank of England united in holding rates: Minutes

Last Updated: Wednesday, June 18, 2014, 18:12

The Bank of England was unanimous in its decision to maintain its record-low interest rates earlier this month, minutes showed on Wednesday.

British rate hike hint boosts sterling, Iraq unrest drives up oil

Last Updated: Friday, June 13, 2014, 15:36

Bank of England Governor Mark Carney said that British interest rates could rise sooner than financial markets expect.

Bank of England governor warns of housing market risks

Last Updated: Sunday, May 18, 2014, 09:42

The British housing market has "deep, deep problems" and is the biggest risk to the country's financial stability, the governor of the Bank of England said Saturday.

Bank of England hikes 2015 forecast as outlook brightens

Last Updated: Wednesday, May 14, 2014, 21:23

The Bank of England (BoE) hiked its 2015 growth forecast on Wednesday and said that the British economy was heading back towards normal as the recovery picks up speed.

Bank of England warns of Ukraine impact on commodities

Last Updated: Wednesday, March 19, 2014, 17:54

The Bank of England has warned about the impact of the Ukraine crisis on global commodity prices, minutes of their last policy meeting showed on Wednesday.

BoE picks senior IMF official in management shake-up

Last Updated: Tuesday, March 18, 2014, 18:54

The Bank of England on Tuesday said it had appointed Nemat Shafik, a deputy to IMF chief Christine Lagarde, to a new role providing oversight of financial markets and banking.

Bank of England holds interest rate at 0.50%

Last Updated: Thursday, March 06, 2014, 19:01

The Bank of England on Thursday voted to keep its main interest rate at 0.50 percent, five years after deciding to cut borrowing costs to the current record-low level.

Britain set for sixth year of record-low interest rate

Last Updated: Wednesday, March 05, 2014, 10:56

The Bank of England is set to vote Thursday to keep its key interest rate at a record-low 0.50 percent, five years after slashing borrowing costs to the current level.

British official annual inflation falls to 1.9%

Last Updated: Tuesday, February 18, 2014, 18:45

Britain's 12-month inflation slowed to 1.9 percent in January, the lowest level for more than four years, official data showed Tuesday.

Bank of England hikes 2014 growth forecast

Last Updated: Wednesday, February 12, 2014, 18:05

The Bank of England on Wednesday ramped up its 2014 British economic growth forecast, and tweaked its forward guidance on interest rates.