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Articles on Bank of England

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Bank of England governor Andrew Bailey, like other central bank heads, has been trying to see a way through a recent inflation crisis. PA Images/Alamy Stock Photo

Inflation has affected the UK, US and Europe differently – here’s what this means for interest rates

The UK, eurozone and US inflation stories have diverged, which means each economy is now fighting a distinct battle with prices rises, which could require very different weapons.
Jerome Powell, chair of the US Federal Reserve, announced a pause in US rate hikes in September 2023. Shawn Thew/EPA-EFE

Why central banks should stop raising interest rates

Central banks balance different factors when raising rates – or not – including inflation and the labour market. But what other countries are doing also has an effect.

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