OpenAI is scouring the U.S. for sites to build a network of huge data centers to power its artificial intelligence technology, expanding beyond a flagship Texas location and looking across ...

The more President Donald Trump threatens tariffs on the U.S.’s trading partners, the more the worry of another inflation ...

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...

If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC’s Steve ...

The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff ...

The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024, the CPI inflation was measured at 2.5% in the UK.

The Bank of England halved its growth forecasts for the UK economy and reduced its interest rate to 4.50%, the lowest since mid-2023. This move aims to stimulate growth despite higher inflation ...

The Bank of England cut interest rates by a quarter percentage point on Thursday as the UK economic outlook darkens, ...

The Bank of England put a dovish twist to an expected rate cut, sending the British pound and bond yields lower. The central bank, as expected, cut interest rates by a quarter-point, its third ...

Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".

The Bank of England has reduced interest rates and adjusted its growth forecasts, citing temporary inflationary pressures. Governor Andrew Bailey emphasized balancing future rate cuts with global ...