Bank of England Holds Rates Steady Amid Signs of Weakening Economy Britain’s central bank said that interest rates would need to remain high for an “extended” period, and that economic growth was expected to be flat over much of the next two years.
What Is Going On in Britain’s Economy? The Picture Is Foggy. The country’s statistics agency published new “experimental” labor market data, the latest in a series of economic re-evaluations.
What Is Going on in the U.K.’s Economy? The country’s statistics agency published new “experimental” labor market data, the latest in a series of economic re-evaluations.
U.K. Inflation, Unchanged at 6.7 Percent, Ends String of Declines A small drop in food prices in September was offset by rising costs for gasoline and diesel.
The Bank of England Raises Rates Again Britain’s central bank raised rates for a 14th consecutive time as it warned that some risks from persistent inflation were “crystallizing.”