Tag : bank of england

Business

Private sector wage growth hits six year low in latest UK data

manamalive.com
Private sector wage growth hits six year low in the United Kingdom as official earnings figures show regular pay in the private sector slowed to 2.9 percent in the three months to May 2026. Data...
UK inflation rises to 3% in January, surpassing expectations
Business

UK inflation rises to 3% in January, surpassing expectations

manamalive.com
The United Kingdom's inflation rate rose to 3% in January, surpassing analyst expectations of 2.8%, according to data released by the Office for National Statistics (ONS) on Wednesday. The increase marks a sharp rise from...
UK growth forecast slashed as Bank of England lowers rates
Business

UK growth forecast slashed as Bank of England lowers rates

manamalive.com
The Bank of England (BoE) announced its first interest rate cut of 2025 on Thursday, reducing the benchmark rate by 25 basis points to 4.5%. The decision, made amid concerns over sluggish economic growth, saw...
UK private-sector pay rises sharply but job cuts increase
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UK private-sector pay rises sharply but job cuts increase

manamalive.com
British wage growth remained robust in the three months to November 2024, despite increasing indications of a weakening labor market, according to data released on Tuesday. The figures reaffirm the Bank of England's (BoE) current...
Strong U.S. growth and Fed policies drive dollar to multi-year highs
Business

Strong U.S. growth and Fed policies drive dollar to multi-year highs

manamalive.com
The U.S. dollar index surged to its highest level in more than two years on Thursday, reflecting investor optimism about the U.S. economy and expectations surrounding the return of Donald Trump to the White House...
UK inflation rises to 2.6% in November as energy costs increase
Business

UK inflation rises to 2.6% in November as energy costs increase

manamalive.com
U.K. inflation rose to 2.6% in November, marking the second consecutive monthly increase, according to data released by the Office for National Statistics (ONS) on Wednesday. The figure, in line with economists' forecasts, edged up...