Pan Pylas, The Associated Press

Pan Pylas is a reporter with The Associated Press,  an American not-for-profit news agency headquartered in New York City and founded in 1846.

U.K. inflation falls by more than expected in February

Economic Indicators

U.K. inflation falls by more than expected in February

With the cost-of-living crisis abating, the Bank of England expected to start cutting interest rates soon

By Pan Pylas, The Associated Press |March 20, 2024

3 min read

Bank of England is edging toward interest rate cuts — but not quite yet

Policy

Bank of England is edging toward interest rate cuts — but not quite yet

U.K.'s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday

By Pan Pylas, The Associated Press |February 1, 2024

3 min read

Decorative pattern

Economy

British economy flatlines in third quarter of the year

Quarterly outcome was nevertheless slightly ahead of analysts' expectations for a modest decline in output

By Pan Pylas, The Associated Press |November 10, 2023

2 min read

Decorative pattern

Policy

BoE keeps main U.K. interest rate at 15-year high

The central bank warned that borrowing costs will likely stay elevated for some time

By Pan Pylas, The Associated Press |November 2, 2023

3 min read

Decorative pattern

Economic Indicators

U.K. inflation unchanged at 6.7% in September

Nevertheless, Bank of England not expected to raise interest rates at next policy meeting

By Pan Pylas, The Associated Press |October 18, 2023

2 min read

BoE joins Fed in keeping interest rates unchanged after inflation declines

Economic Indicators

BoE joins Fed in keeping interest rates unchanged after inflation declines

The U.K. central bank kept its interest rate unchanged at a 15-year high of 5.25%

By Pan Pylas, The Associated Press |September 21, 2023

3 min read

U.K. inflation dips in August, though Bank of England still set to raise rates

Economic Indicators

U.K. inflation dips in August, though Bank of England still set to raise rates

Consumer prices index moderated to 6.7% in the year August, down from 6.8% in July

By Pan Pylas, The Associated Press |September 20, 2023

2 min read

U.K. inflation falls to 17-month low but unlikely to derail another interest rate rise

Economic Indicators

U.K. inflation falls to 17-month low but unlikely to derail another interest rate rise

Annual rate falls to 6.8% largely driven by lower energy prices, according to Office for National Statistics

By Pan Pylas, The Associated Press |August 16, 2023

2 min read

Bank of England hints that U.K. borrowing rates will stay high after latest hike

Economic Indicators

Bank of England hints that U.K. borrowing rates will stay high after latest hike

Quarter-percentage point increase, to 5.25%, was the central bank's 14th hike in a row

By Pan Pylas, The Associated Press |August 3, 2023

3 min read

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