Bank of England under pressure to raise interest rates or risk ‘losing credibility’

Interest rates may need to rise this year, says Bank of England economist

Chief economist at the Bank of England says slower growth and inflationary pressures mean rate rise needed

9 Jul, 17:37

Bank of England under pressure to raise interest rates or risk ‘losing credibility’

The Bank of England is facing mounting pressure to raise interest rates on Thursday amid a global bond market rout fuelled by concerns over runaway government borrowing and sticky inflation. Investors told Threadneedle Street it was “essential” to rein in prices before the energy shock triggered by the Iran war spreads through the economy and [...]

16 Sept, 03:00

Bank of England under pressure to raise interest after US central bank hikes rates for first time since 2023

The Bank of England is under pressure to raise interest rates after the US central bank has hiked interest rates for the first time since 2023. The decision was was unanimous among Fed policymakers to raise rates, with all 12 voting in favour of a rise. The Fed has increased its rate from 3.5 per cent-3.75 per cent to 3.75 per cent-four per cent. It is the first policy shift under the new Fed chief, who took office…

16 Sept, 18:20