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.

British economy flatlines in third quarter of the year

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

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

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

U.K. inflation unchanged at 6.7% in September

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

U.K. inflation falls by more than anticipated to a 15-month low

Economic Indicators

U.K. inflation falls by more than anticipated to a 15-month low

Fuel prices were the biggest driver behind the drop

By Pan Pylas, The Associated Press | July 19, 2023

3 min read

Bank of England says banks are resilient enough to help struggling households

Economic Indicators

Bank of England says banks are resilient enough to help struggling households

Central bank says British households face higher debt burdens but banks are in better position to help than they were 15 years ago

By Pan Pylas, The Associated Press | July 12, 2023

2 min read

U.K. wages are rising at a record pace. That makes higher interest rates more likely

Economic Indicators

U.K. wages are rising at a record pace. That makes higher interest rates more likely

Expectations of higher borrowing rates are having a knock-on effect across lending markets

By Pan Pylas, The Associated Press | July 11, 2023

2 min read

U.K. recession fears mount after Bank of England hikes borrowing rates by more than expected

Economic Indicators

U.K. recession fears mount after Bank of England hikes borrowing rates by more than expected

With inflation at 8.7%, monetary policy committee raised interest rate to 5%

By Pan Pylas, The Associated Press | June 22, 2023

3 min read

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