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23 Feb 22
The Bank of England is set for only modest interest rate tightening in the coming months to deal with high inflation fuelled by supply chain backlogs, according to a senior official.
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31 Jan 22
The Bank of England is widely expected to increase interest rates for the second time in two months this week as it continues to try to get inflation under control.
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14 Dec 21
The Bank of England must not delay raising interest rates despite the economic risks around the Omicron variant of Covid-19, the International Monetary Fund has said.
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4 Nov 21
The Bank of England’s base rate will remain at its all-time low of 0.1% after the Monetary Policy Committee voted to hold fire on an increase – despite predicting inflation will reach 5% next Spring.
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18 Oct 21
Bank of England governor Andrew Bailey has given another strong hint that interest rates could rise, sparking concerns from one former member of the bank’s monetary policy committee.
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6 Aug 21
The Bank of England has signalled it could tighten its monetary policy slightly faster than had been expected as the recovery from Covid-19 gets underway and inflation continues to run above its 2%...
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27 Jul 21
It is too early to withdraw extraordinary monetary policy support, despite high inflation and growing employment, a Bank of England official has said.
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23 Jan 17
The Bank of England should end its extraordinary policies of ultra low interest rates and quantitative easing immediately, according to the Centre for Policy Studies think-tank.