BoE
This coverage analyses the Bank of England’s monetary policy decisions and regulatory actions impacting the UK retail sector. Reporting focuses on interest rate adjustments, inflation forecasts, and regulatory reforms—such as the Prudential Regulation Authority’s initiatives to enhance competitiveness and growth. Insights are tailored for retail executives, financial planners, and professionals navigating the interplay between central banking policies and retail industry performance.
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Aug- 2022 -4 AugustEconomy
BoE hikes rates to 1.75%, warns UK to enter recession until 2024
The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since 1995. In its latest announcement, the BOE also projected that the UK would fall into a recession in the fourth quarter of the year, which is expected to last for…
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Jun- 2022 -16 JuneEconomy
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its fifth rise in a row as it bids to offset the impact of rising inflation. The Monetary Policy Committee voted by a majority of 6-3 to increase the rate to…
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May- 2022 -5 MayNews
BoE raises interest rates to highest level since 2009
The bank of England (BoE) has raised interest rates to its highest level since 2009 – marking the fourth time it has taken action since December. The new rate of 1%, up from 0.75%, is the BoE’s latest attempt to curb the rampant rise in inflation – also at its…
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Mar- 2022 -17 MarchEconomy
BoE raises interest rates to 0.75%
The Bank of England has raised interest rates back to the pre-pandemic level of 0.75% as it tries to mitigate the effect of the rising costs of living and the impact that the conflict in Ukraine is having on the global economy. The Monetary Policy Committee (MPC) voted with a…
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Feb- 2022 -3 FebruaryEconomy
BoE raises interest rates to 0.5%
The Bank of England (BoE) has raised interest rates for the second time in three months to 0.5%, up from 0.25% previously. The BoE Monetary Policy Committee (MPC) confirmed it voted by a majority of 5-4 to increase Bank Rate by 0.25 percentage points, to 0.5%. Interestingly, it revealed those…
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Feb- 2021 -5 FebruaryCoronavirus
Bank of England holds rates, predicts strong vaccine rebound
The Bank of England (BoE) has predicted an economic rebound in the spring led by a successful vaccine rollout, after revealing it will be holding interest rates at 0.1%. The news comes as the BoE predicts that GDP is expected to fall by around 4% in the first quarter of…
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Nov- 2020 -5 NovemberCoronavirus
Bank of England unveils £150bn covid support package
The Bank of England (BoE) has unveiled it will give the UK economy a further £150bn in crisis support and keep interest rates at a record low, due to the rapid rise in Covid-19 restrictions across the country. At the Banks latest Monetary Policy Committee (MPC), members stated that the…
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Mar- 2020 -19 MarchEconomy
New bank of England boss promises fresh measures to fight Covid-19
The new Bank of England boss, Andrew Bailey, has promised a fresh set of measures to help fight the economic “emergency” faced due to the coronavirus outbreak. Bailey, who has only been in the position for three days after taking over from former Bank Of England chief Mark Carney, told…
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Jan- 2020 -9 JanuaryAnalysis
Who would have thought skinny jeans could be anyone’s undoing?
It’s not often that the business pages give you a good belly laugh. But today we have the spectacle of Marks & Spencer blaming its poor Christmas trading results partly on an oversupply of skinny jeans for men. Apparently customer surveys revealed that the high street bellwether’s ranges were “too…
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