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The Bank of England will keep its key policy rate on hold on September 18 as inflation is creeping up, but it will cut once next quarter and again early next year, according to a majority of economists in a Reuters poll. However, a growing minority of economists say the central bank is done with cutting this year. After peaking at more than 11% nearly three years ago, inflation briefly returned to the central bank's 2% target last year but has since risen to nearly double that. With cost-of-li ...Read More >
June 13 (Reuters) - The UK's blue chip index held just below its all-time high hit last week as investors assessed the trajectory of U.S. tariffs as well as domestic interest rates, while AstraZeneca gained on successful drug trial results. The blue-chip FTSE 100 (.FTSE), opens new tab was up 0.4% as of 1105 GMT, while the domestically oriented FTSE 250 index (.FTMC), opens new tab added 0.3%. AstraZeneca (AZN.L), opens new tab added 1.4% after the pharmaceutical giant said its experimental dr ...Read More >
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