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BRITAIN is likely to face an acceleration of inflation and a slowing of growth this year, central bank governor Mervyn King said in a speech today.
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Stock market bloodbath
FINANCIAL markets around the globe are in a spin - the US sneezed and the world caught a nasty cold, leading to billions in investor losses - but the US central bank has tried to stop the freefall by slashing interest rates.
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Bank of England under pressure to cut rates as global markets meltdown sparks recessi
Pressure was mounting on the Bank of England last night to cut interest rates by 0.5 per cent. The calls came after the historic decision in America, the world's biggest economy, for an emergency cut in rates
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Bank's warning on inflation dampens hopes of rate cuts
Mervyn King warned last night that price pressures could make the Bank of England miss its inflation target more than once this year as he set out a tough stance that will dampen hopes of a series of interest rate cuts.
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Pressure mounts on Bank of England to cut rates as U.S. turmoil sparks recession fear
Pressure was mounting on the Bank of England last night to cut interest rates by 0.5 per cent. The calls came after the historic decision in America, the world's biggest economy, for an emergency cut in rates
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Economic trials ahead - Bank boss
Bank of England chief Mervyn King warns that UK economy will suffer from slowing growth and inflation risks.
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Shares: Global Markets Rally After Rate Cut
World stock markets have staged a dramatic comeback from the worst drop in seven years after the US unexpectedly slashed interest rates to ward off a threatening recession.
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Soft landing or first signs of an imported recession?
Guardian writers examine the key indicators to establish whether the economy is heading for serious trouble
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US Federal Reserve sets precedence with 075 per cent emergency rate cut
The Federal Reserve has slashed interest rates by 0.75 per cent from 4.25 per cent to 3.5 per cent.
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Bank votes 8-1 for hold in rates
The Bank of England's Monetary Policy Committee voted 8-1 to keep UK interest rates on hold in January.
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Bank of England Governor hints at rate cut as global markets bounce back
Bank of England Governor Mervyn King last night hinted at the possibility of imminent rate cuts. Although London's leading shares jumped almost 100 points as the market opened the FTSE has continued to slide over the course of the morning
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Interest Rates: Bank of England's Voting Revealed
The Bank of England's Monetary Policy Committee voted overwhelmingly to keep interest rates on hold last month, it has emerged.Voting was eight to one against making the cost of borrowing in the UK cheaper.
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Shares: Inflation Fears Knock FTSE 100 Off Course
London's top shares fell back as the Bank of England appeared to reveal it was not yet ready to cut the interest rate.
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Bank of China dismisses worries
Bank of China dismisses reports it is about to unveil massive losses stemming from problems in the US.
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