A much better year lies in store for most of the world’s major developed economies, although weak inflation will persist, complicating central banks’ ability to get interest rates back to normal, Reuters polls forecast on Thursday. As in the last few years, the United States looks set to the lead […]
Tag: Bank of England
Bank of England holds course on rates as economy picks up
The Bank of England left monetary policy unchanged on Thursday, sticking to its plan to keep interest rates at a record low until the country’s surprisingly fast economic recovery broadens out. Britain has moved from a laggard to a leader in terms of growth among the world’s biggest economies last […]
UK mortgage approvals hit new five-year high, business lending slumps
British lenders approved the highest number of mortgages in more than five years in November but business lending slumped, Bank of England data showed on Friday, raising doubts about the sustainability of growth. Britain’s economy enjoyed some of the fastest growth of any major industrialized economy in the first nine […]
