The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.
The Bank of England’s regulatory arm set out a string of ideas that could meet the government’s call to boost economic growth, including a new “concierge service” for foreign firms entering the UK market and streamlining the process for creating new rules.
UK food prices climbed at the fastest pace in nine months at the start of 2025, adding to a growing list of inflation threats for the Bank of England to grapple with at its crucial meeting next week.Most Read from BloombergWhat Happened to Hanging Out on the Street?
The UK delayed its implementation of a significant update to international bank capital rules for a third time to allow for more clarity over its rollout in the US.
UK employment plunged in the weeks after Labour increased payroll taxes in its first budget, reinforcing the case for the Bank of England to continue cutting interest rates.Most Read from BloombergHow
Bank of England Governor Andrew Bailey said that “very big decisions” will be needed to stop Britain’s public debt pile spiraling higher, as he gave his backing to the government’s efforts to boost growth.
US stocks are at a critical juncture where a disorderly selloff in artificial intelligence-related stocks risks sinking the broader market, according to Pictet Wealth Management.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson,
Additional Tier 1 bonds should not be part of banks’ capital stack if and when the Bank of England decides to overhaul its rules, an adviser at the central bank specializing in regulatory capital said at an industry event.
In its outlook report, the BOJ raised most of its inflation projections, with all six of them currently at 2% or more for the first time since it started publishing them.
Stagflation fears stalked Britain at the start of 2025 with a closely watched survey showing jobs being slashed at a pace seen in the aftermath of the financial crisis and price pressures building.Most Read from BloombergWhat Happened to Hanging Out on the Street?
Further downside risks of the GBP/JPY cross seem possible as the Pound Sterling (GBP) could face challenges due to the increased likelihood of the risk of stagflation in the UK economy, driven by weakening labor demand and persistent inflation.
The ex-Bank of England governor is hoping to fill Justin Trudeau’s shoes – but many see him as too similar to the current, unpopular leader