Sterling climbed to more than $1.25 versus the US dollar after latest ONS data and comments by the Bank of England's chief ...

The UK economy eked out some growth in the final quarter of last year largely helped by a surge in activity in December, data from the ONS showed on Thursday. With the market expecting a contraction, ...

The best way to set monetary policy is “to be cautious,” according to a Bank of England working paper from 2002. It goes on ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

ABank of England policymaker has called for a cautious approach to interest rate cuts following"uncomfortable" growth figures ...

Last week the rate was cut from 4.75% to 4.5% with the prevailing wisdom suggesting that the threat of a return to higher ...

At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...

Catherine Mann, a member of the rate-setting Monetary Policy Committee, insisted a predicted rise in prices would likely just ...

Catherine Mann, a policymaker at the Bank of England (BoE), clarified her stance on interest rate cuts during a speech on ...

Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in ...

Catherine L. Mann on Thursday surprised investors by voting to lower the key interest rate by half of a percentage point, a larger move than that favored by the majority. Mann had on a number of ...

Despite that vote, Mann said she favors a key rate that is "well above" the 2% to 3% range that neither spurs nor slows growth, as estimated by BOE economists in 2018. That is commonly known as the ...