Gerard Lyons has warned that Britain and several other major advanced economies are moving toward a sovereign debt crisis as governments struggle to rein in public spending and global borrowing
Bank of England ‘set up’ for December rate cut after close vote
The Bank of England is widely expected to cut interest rates in December, following today’s narrow 5–4 decision to keep borrowing costs on hold at 4%, with Governor Andrew Bailey
Bank of England holds interest rates at 4% in narrow vote
The Bank of England has kept interest rates on hold at 4%, as expected, following a closely split vote by its Monetary Policy Committee (MPC).
Will the Bank of England cut interest rates today?
The Bank of England faces a finely balanced decision today as it prepares to announce its latest move on interest rates at noon, with markets divided over whether policymakers will