Britain’s economic output fell in the third quarter and European Union officials forecast weakening growth for countries across the continent.
Tag: Bank of England
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U.K. Economy Shrinks as Threat of Recession Nears
Economic output fell 0.2 percent in the third quarter as the services and production industries slowed.
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Bank of England Is Set to Raise Rates After U.K. Political Turmoil
An increase of three-quarters of a point is expected as the central bank meets on Thursday for the first time since Liz Truss resigned as prime minister.
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Rishi Sunak, New UK Prime Minister, Delays Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday.