Interest Rates

The energy shock could send UK inflation even higher Inflation has picked up again, putting the Bank of England in a difficult position as energy prices continue to rise. The latest figures show the Consumer Prices Index reached 3.1% in August, up from 2.9% in July. Petrol, diesel and air fares were among the biggest […]

19 min

The Bank Of England is holding steady Journalists gathered outside the Bank of England on Thursday for a decision that, on the face of it, looked like a non-event. Rates stayed put. But the reason interest rates did not fall tells you almost everything about where the British economy sits this summer — and about […]

1 month ago