UK economic growth News

Bank of England Holds Steady: Interest Rates Remain at 4.5% Amid Economic Uncertainties

The Bank of England has decided to keep the interest rate unchanged at 4.5%, citing ongoing economic uncertainties and challenges in meeting the inflation target. Despite progress ...

European Markets Surge: A Closer Look at Earnings and Economic Data Impact

European stock markets opened higher, driven by Germany's inflation rate and the UK's economic growth. Companies like Siemens AG and Commerzbank AG reported significant revenue inc...

BoE Governor Andrew Bailey Urges for a Boost in UK's Economic Growth Rate

Bank of England Governor Andrew Bailey emphasizes the need for increasing the UK's economic growth rate, supporting government efforts and highlighting the importance of financial ...

BoE to Implement Quarterly Rate Cuts in 2025, IMF Predicts Steady Economic Growth

The IMF forecasts that the Bank of England will implement quarterly rate cuts in 2025 to sustain economic stability, projecting UK's growth at 1.6% in 2025 and 1.5% in 2026.