The Bank of England is ready to alter its interest rates by as much as needed to bring the inflation back to the 2 percent target, Governor Andrew Bailey said in a statement late Monday.
The BoE governor said the central bank is closely monitoring the weakness in the pound.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.