Ian Mccafferty

16 results

Bank of England governor Mark Carney. The UK central bank’s monetary policy committee has ruled 7 to 2 in favour of maintaining its key interest rate at 0.25 per cent. Photograph: PA

The Bank of England ramped up its hawkish rhetoric on Thursday, warning that an increase in interest rates could happen within months if the economy p(...)

The Bank of England cut its economic growth for this year and next to 1.7 per cent and 1.6 per cent, down from 1.9 per cent and 1.7 per cent respectively. Photograph: iStock

Sterling slumped to its lowest level since October against the euro as the Bank of England (BoE) cut its economic forecasts, prompting traders and eco(...)

The central bank is facing the first ever strike at its Threadneedle Street headquarters, with members of the Unite union scheduled to walk out for four days, from July 31st to August 3rd, in a dispute over pay. Photograph: Gareth Fuller/PA

August is traditionally the quietest time of the year in the City, but the first week of next month promises to be pretty lively, particularly for the(...)

Governor Mark Carney will speak later at the annual high-profile Mansion House even

The split among Bank of England policy makers widened this month as two officials joined Kristin Forbes in her call for a rate increase, warning that (...)

Policemen stand guard at the entrance of a security perimeter set near Maelbeek metro station. Photograph: Emmanuel Dunand/AFP/Getty Images

Ian McCafferty was getting off the metro at Arts-Loi, the stop just before Maelbeek, at around 8.20am when he heard what he describes as a “loud muffl(...)

The BoE’s own economic forecasts - which are based on an earlier market assumption of a rate rise in the second half of 2017 - show the weakest outlook for growth in nearly three years

The Bank of England cut its economic growth forecasts on Thursday due to a darker global outlook, and the lone policymaker who had backed a rate rise (...)

The Bank of England is not likely to match a move expected from the Federal Reserve next week.  Photograph: Bloomberg

The Bank of England remains unhurried about raising interest rates, pointing on Thursday to a new fall in oil prices and slower wage growth as it kept(...)

Bank of England policymakers are expected to keep interest rates at record lows, but the decision comes as the US Federal Reserve is poised to make it(...)

Mark Carney, governor of the Bank of England, has signalled that more clarity should emerge by the end of the year. Photograph: Bloomberg

The Bank of England gave no sign that it was in any more of a hurry to raise interest rates on Thursday, predicting near-zero inflation would pick up (...)

Britain’s inflation rate turned negative for only the second time since 1960. Photograph: Reuters.

Britain’s inflation rate turned negative for only the second time since 1960 in September, reflecting a weak price backdrop that the Bank of England h(...)

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