Growth contracted 0.3 percent from October to December, the latest sign of a lackluster economy slowed by weak retail sales.
Tag: Bank of England
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Powell, Fed’s Chair, Unleashes the Bulls
The Federal Reserve’s surprise projection that it may cut interest rate three times next year has triggered a global rally in stocks and bonds.
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Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The British economy has showed signs of slowing down, with inflation dropping below 5 percent in October, but the bank gave no sign of a rate cut anytime soon.
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Climate Protesters Get in Fed’s Face as Policy Clash Grows Louder
Jerome H. Powell, the central bank’s chair, has been interrupted recently by a climate group that thinks disruption will win the day.
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U.K. Inflation Slows to 4.6 Percent, Lowest in Two Years
Inflation is expected to continue to slow, but central bank officials have said they will keep interest rates high.