Tue, 21-Oct-2025

BoE torn between red hot inflation and rampant Omicron

Bank of England

LONDON: The Bank of England (BoE) will likely hold interest rates at their record lows on Thursday, as policymakers balance decade-high inflation against the economic fallout of the Covid-19 Omicron variant. The BoE’s monetary policy committee will announce its latest decision at 1200 GMT, in a whirlwind 24 hours that includes interest rate calls from both … Read more

UK economic recovery already slowed pre-Omicron: data

UK economic

LONDON: Britain’s economic growth recovery slowed in October, official data showed on Friday, even before the appearance of the Omicron coronavirus variant that has pushed the UK government to restore restrictions. Gross domestic product increased 0.1 per cent in October compared with output of 0.6 per cent the previous month, the Office for National Statistics said … Read more