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The Institute of International Finance cautions that if U.S. president-elect Donald Trump follows through with the tariffs that he campaigned on, this will result in a renewal of inflation and higher U.S. banking loan interest rates.
2024-11-6

Grocery inflation in the United Kingdom reaches a record high of 17.1%, according to market research group Kantar Worldpanel, amid high levels of inflation, supply chain issues and high energy costs impacting the economy.
2023-02-28

Chancellor of the Exchequer Jeremy Hunt delivers the delayed autumn statement to parliament, announcing measures to stabilize the economy amid a cost of living crisis, including raising the National Living Wage from £9.50 an hour to £10.42 beginning next year, increasing pensions and welfare payments in line with rising inflation, introducing a higher rate windfall tax on the profits of energy firms, introducing a new "temporary tax" on companies that generate electricity, and capping rent increases in the social sector to 7% until 2024.
2022-11-17

Inflation in the United Kingdom reaches a record 11.1%, pressuring the Bank of England to raise interest rates.
2022-11-16

The Bank of England buys 65 billion pounds of bonds in a bid to stabilise the UK economy.
2022-09-28

The central bank of Japan raises its inflation forecast and reduces fiscal year expectations while maintaining ultra-low interest rates, saying that the economy was primarily impacted by the COVID-19 pandemic in Japan.
2022-07-21

The Court of Appeals for England and Wales overturns a ruling earlier this year by the High Court of Justice that stated the government of Venezuelan President Nicolás Maduro did not have the right to access the Central Bank of Venezuela's gold, worth more than US$1.8 billion, currently stored by the Bank of England due to the UK government's recognition of oppositional leader Juan Guaidó as the actual president.
2020-10-5

The Caribbean Community (CARICOM) says "sorry is not enough" from British financial institutions that benefited from the Atlantic slave trade, and demands reparations from the United Kingdom. This comes after the Bank of England apologized for the "inexcusable connections" of some of its past governors and directors to slavery.
2020-06-19

The Bank of England says it expects inflation to reach 5% this year, due to higher fuel bills that could rise by up to 15%, and revises down its growth projection for the UK economy.
2011-05-11

The Bank of England's governor Mervyn King admits the economy will not grow very much and inflation will stay higher for longer in the UK, describing as a "choppy recovery" being ahead over the next two years.
2010-08-11