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Bank of England’s Critics Multiply After Interest Rate Increase

Bank of England Banking and Financial Institutions Economic Conditions and Trends Inflation (Economics) Interest Rates Mortgages

Bank of England’s Critics Multiply After Interest Rate Increase

Pressure is building in Britain for the bank’s governor, Andrew Bailey, to show that policymakers have a handle on the inflation problem.

By Eshe Nelson

Economists Warn a Summer of Fun Could Lead to Autumn Pain

Bank of England Banking and Financial Institutions England Federal Reserve System Great Britain internal-storyline-no Knowles, Beyonce Powell, Jerome H Sweden Swift, Taylor United States Economy

Economists Warn a Summer of Fun Could Lead to Autumn Pain

Consumers are splurging on expensive but fun experiences, from nights out to concerts — and that may force central banks to keep raising rates.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Bank of England Pushes Interest Rates Up by a Half Point

Bank of England Economic Conditions and Trends Great Britain Inflation (Economics) Interest Rates

Bank of England Pushes Interest Rates Up by a Half Point

The central bank raised rates more than expected as inflation shows signs of persistence in Britain.

By Eshe Nelson

U.K. Inflation Remains Stuck at 8.7 Percent

Bank of England Banking and Financial Institutions Government Bonds Great Britain Inflation (Economics) Interest Rates Mortgages

U.K. Inflation Remains Stuck at 8.7 Percent

The rate, which had been expected to edge lower in May, shows that Britain’s cost-of-living crisis persists, and is likely to prompt the Bank of England to raise interest rates again.

By Eshe Nelson