Mehreen Khan

Bank of England governor says Britain’s trade is mainly in services rather than goods, which offers some protection

Jobs growth rebounded in November above forecasts but the dollar fell in response against a basket of currencies

The US president-elect plays down speculation that he might try to jettison Jerome Powell despite sparring over interest rate levels

The Bank of International Settlements has pointed to concerns about investors funding ballooning deficits in the face of potentially rising inflation

Governing council said the decision was based on new forecasts showing inflation would fall to 1.9% in 2026

Data shows economy contracted before autumn’s tax and spend budget

Latest survey from the Bank of England shows that Britons are bracing themselves for future price rises as it plots a path to lower interest rates

Bank of England’s monetary policy committee will make final decision of the year after publication of CPI and wage growth figures

Average weekly earnings, excluding bonuses, rose to 5.2 per cent in the three months to October from 4.8 per cent in the previous three months

Divisions in the monetary policy committee have left the economy in limbo, with no clear direction for 2025