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LONDON (Reuters) -The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, and gave a new warning that borrowing costs were likely to stay high for some time.
The Bank of England also praised the Swiss.
The Bank of England and the British government have said that the country’s banking system is well capitalised and funded.
Source: https://cyprus-mail.com/2023/04/01/britains-digital-banks-need-support-amid-banking-turmoil/
The Bank of England (BoE) has begun its due consideration on CBDC.
The Bank of England has raised interest rates for an 11th consecutive time following a surprise jump in the rate of rising prices.
Source: https://www.bbc.co.uk/news/business-57764601?at_medium=RSS&at_campaign=KARANGA
The Bank of England has raised interest rates steadily from 0.1% in late 2021 to 5.25% two years later to try to calm inflation.
The Bank of England is expected to raise borrowing costs again later this month, taking the Bank rate to 5.5% in the hope that economic activity will slow, bringing down inflation, the rate at which prices are rising.
Source: https://www.bbc.co.uk/news/business-66788462?at_medium=RSS&at_campaign=KARANGA
The Bank of England is likely to hike interest rates once again this week, and markets are already looking for a pause in a massive tightening cycle that has policymakers worried about the cooling economy.
The Bank of England is raising interest rates to try and lower inflation, which is being pushed up by higher energy, food and fuel prices.
Source: https://www.chroniclelive.co.uk/news/cost-of-living/interest-rates-go-up-again-26139299
The Bank of England last week announced a rise in interest rates bringing them to the highest level in 15 years, prompting concern over potential increases in mortgage payments.
The Bank of England quickly intervened to stem the crisis by buying government bonds.
Source: https://www.nytimes.com/2023/03/27/business/eu-banks-deutsche-bank.html
The Bank of England raised interest rates by half a percentage point Thursday as it sought to tame double-digit inflation that is fueling a cost-of-living crisis, public-sector strikes and fears of recession.
The Bank of England raised its interest rate on Thursday to 5% to combat stubbornly high inflation, which statistics this week reveal has still not declined as quickly as hoped.
The Bank of England releases its policy decision later on Thursday, and is poised for a 12th straight rate hike.
Source: https://business.inquirer.net/400369/dollar-sinks-versus-yen-with-us-yields-depressed-after-cpi
The Bank of England said earlier this month it expected overall inflation to fall more slowly than it had hoped, mostly due to unexpectedly big and persistent rises in food prices.
Source: https://business.inquirer.net/402296/uk-grocery-inflation-edges-lower-to-17-2-in-may-kantar
The Bank of England said on Monday that Britain's banking system was sound after the central bank helped to find a buyer for the British arm of SVB.
The Bank of England will cut the base rate to 3 per cent by the end of next year and then 2.5 per cent by the end of 2025, according to forecasts.