4 d. ago Carney ‘did a terrible job’ as Bank of England governor, says former British PM

Liz Truss, who served as the PM for 49 days, blames the Liberal leader for creating many of the problems that occurred while she was in office

Politics

5 d. ago Federal Reserve could be in ‘difficult’ spot with higher prices, slower hiring

WASHINGTON (AP) — The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month’s meeting. The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated. And […]

Economics

5 d. ago BOE Warns Risk of ‘Further Sharp Corrections’ in Markets Is High

The Bank of England said hedge funds have faced “significant” margin calls from their prime brokers as they navigated extreme market volatility in the aftermath of US President Donald Trump’s tariff announcements and warned that the risk of “further sharp corrections” in markets remains high.

Other

2 w. ago Chris Selley: Carney goes nuclear over plagiarism accusations that should’ve rolled off his back

This election is about his CV, not his PhD thesis. He either did a good job at the Bank of Canada and the Bank of England or he didn't

Economics

2 w. ago UK Inflation Cools Unexpectedly in Boon for Reeves and Rate Cuts

UK inflation unexpectedly cooled, strengthening the case for the Bank of England to cut interest rates again in May and providing a morale boost for Chancellor of the Exchequer Rachel Reeves ahead of a key economic statement Wednesday.

Economics

3 w. ago Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news

LONDON (AP) — The Bank of England is set to keep U.K. interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The nine-member Monetary Policy Committee is expected to keep the bank’s main […]

Other

3 w. ago Bank of England Poised to Take a Hawkish Tilt: Decision Guide

The Bank of England is likely to turn less dovish on Thursday as officials start to fret about the fallout from Donald Trump’s tariff wars and a renewed bout of domestic inflation.

Other

3 w. ago U.S. Federal Reserve holds interest rate, sees slower economic growth ahead

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year.

Other

4 w. ago Resurgent Price Pressures Put BOE Hawks Back in the Ascendancy

A month is a long time in central banking. The Bank of England is this week expected to deliver its most hawkish decision since September as policymakers start to fret about building price pressures.

Economics