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Economy

UK economy was growing before Brexit vote, retail sales fall since vote

Newly released statistics show that before the Brexit vote the UK's economy grew fairly robustly and after the vote British retailers suffered their sharpest fall in sales in four years.

Economy

Bank of England surprises investors with no change to UK interest rates

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

Economy

Bank of England surprises by keeping interest rates unchanged

Keeping their powder dry the Bank of England's policymakers have left the cost of borrowing unchanged in Britain - for now.

Economy

Bank of England's Carney defends Brexit warnings

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

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Economy

Bank of England eases rules for banks to encourage lending and meet Brexit challenge

Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out.

Economy

Bank of England flags up summer stimulus to counter Brexit effects

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects of Brexit.

Economy

Bank of England and ECB take measures to reassure markets

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

United Kingdom

Bank of England poised to stem Brexit shockwaves

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

Economy

Bank of England spat with Vote Leave over Brexit comments

The Bank of England governor Mark Carney has clarified comments he made on the upcoming EU referendum.

Economy

UK April inflation slips

Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015 as the cost of airfares and clothes fell.

Economy

UK central bank warns 'Brexit could trigger recession'

Bank of England Governor Mark Carney has stepped up his warnings about the economic risks if Britain votes to leave the European Union, with even the possibility of a technical recession.

Economy

UK jobless rate unchanged, wage growth slows

Unemployment in the UK fell by 60,000 in the final three months of 2015, but despite the strong labour market wage growth slowed.

Business Series

No hurry to hike: pessimism from BoE on rates and OPEC on oil

The Bank of England met on what was dubbed “Super Thursday” on hopes that Bank Governor Mark Carney would have something positive to say on interest

Business Series

Pulling the strings: central banks' impact on global markets

The Federal Reserve, Bank of of England and the People’s Bank of China. three central banks play a hugely influential role in the performances of the

Business Series

Mounting uncertainty over US and UK interest rates

This week, Business Middle East takes a look at interest rates in the UK and the US and when there could be a hike. In Business Snapshot, we analyse

United Kingdom

Manufacturing figures for the UK fall ahead of election

Britain’s economic growth, at the heart of political campaigning for next weeks poll, has slowed in the manufacturing sector. That’s according to

Business Series

BoE uncertainty on inflation unsettles world and MENA markets

Business Series

Central Bank Interventions: A step back or forward?

The new season of Business Middle East looks at the world’s most important economic events as they affect the Middle East, with central banks in focus