Financial markets might be overly optimistic about the number of interest rate cuts anticipated this year, said …
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Bank of England
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BanksFeatureFinancial InstitutionsInternational NewsNews
Citigroup predicts BoE to reduce interest rates in June
by Nada Aliby Nada AliCitigroup predicts the Bank of England (BoE) will reduce interest rates this year, with the first cut …
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FeatureInternational NewsMoneyNews
UK’s slips into tech recession in Q4 ’23,
by Nada Aliby Nada AliUK’s economy experienced a recession in the second half of 2023, presenting a formidable challenge for Prime …
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FeatureInternational NewsMoneyNews
UK inflation holds steady at 4.0% in Jan.
by Nada Aliby Nada AliBritish inflation remained at 4.0 per cent in January, defying expectations of an increase, lower than economists’ …
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British regular wages excluding bonuses increased by 6.2 per cent in the fourth quarter of 2023, compared …
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The Bank of England (BoE) announced on Thursday that its Monetary Policy Committee (MPC) decided to keep …
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The Office for National Statistics announced on Wednesday UK’s consumer price index (CPI) reached 10.4 percent in …
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BanksFeatureInternational NewsMoneyNewsTech/AI
HSBC pays £1 to rescue UK Silicon Valley Bank
by Nada Aliby Nada AliHSBC UK Bank, announced on Monday that it has agreed to acquire Silicon Valley Bank U.K. (SVB) …
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BanksInternational NewsNews
UK inflation hits 9.4% in June, seen at 13% in Oct.
by Nada Aliby Nada AliUK inflation increased to 9.4 percent in June and the Bank of England (BOE) said inflation will …
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BanksFeatureInternational NewsMoneyNews
Bank of England unveils largest interest rate hike in 27 years
by Yomna Yasserby Yomna YasserThe Bank of England has on Thursday raised interest rates by 50 basis points, its largest single …
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