• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
UK Inflation Takes Sharp Dip To 4.6% Surpassing Economists' Expectations

Bank Of England Hikes Interest Rates For Seventh Straight Month

3 years ago
JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

23 minutes ago
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

25 minutes ago
Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

36 minutes ago
Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

1 hour ago
Ukrainian Forces Capture Nigerian Fighting For Russia

Ukrainian Forces Capture Nigerian Fighting For Russia

8 hours ago
Saturday, July 5, 2025
  • About
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Mali: Parliament Grants Coup Leader 5-Year Renewable Presidential Term Without Election

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Russia Becomes First To Recognise Taliban Government Of Afghanistan

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    Nigeria Misses Out, As Trump Hosts Economy, Security Meeting With 5 African Presidents

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    ADC: Major Shake-Up In Nigerian Politics As Top Figures Unite

    Tanzania: Prime Minister Majaliwa To Step Down

    Tanzania: Prime Minister Majaliwa To Step Down

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    Ivory Coast: AU Court Rejects Gbagbo’s Bid To Seek Re-Election

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    SA: Crack Widens In Unity Govt As DA Withdraws From National Dialogue

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

    Cameroon: Influential Minister Resigns, To Challenge President Biya At Polls

  • Economy
    Namibia Suspends State Funerals Following Criticism Over High Costs

    Namibia Suspends State Funerals Following Criticism Over High Costs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    SA: Mineral Council Says Proposed Tax On Chrome Export Threatens Jobs

    Senegal Moves To Reduce Reliance On Foreign Lenders, Targets Improved IGR

    Senegal Promises To Clear Undeclared Debt Incurred By Past Administration

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Nigerian Govt Set To Launch ‘Africans For Africa’ Mining Sector Fund

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Kenya Mulls Privatisation Of Key Government Assets To Attract Investment

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    Nigeria: Govt Says Deliberate Policies Boosting Investors’ Confidence In Oil & Gas Sector

    US-Africa Summit Wraps Up with Trade and Investment Deals Worth Over $2.5 Billion

    US-Africa Summit Wraps Up With Trade And Investment Deals Worth Over $2.5 Billion

    S/Africa Introduces $54 Million Incentive To Boost Local Manufacturing Of EVs

    South Africa Secures $474.6 Million Loan From AfDB To Boost Energy Transition

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

    Celebration Of Excellence: Nigerian Govt Rewards Outstanding Civil Servants With Brand New Cars, House

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Bank Of England Hikes Interest Rates For Seventh Straight Month

• Says UK may already be in recession. 

September 22, 2022
in Economy, Top Stories
0
UK Inflation Takes Sharp Dip To 4.6% Surpassing Economists' Expectations
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By John Ikani 

The Bank of England (BOE) has raised interest rates from 1.75% to 2.25% – the highest level for 14 years – and warned the UK may already be in a recession.

Relatedreading

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

It is the Bank’s seventh rate rise in a row as it tries to tame soaring prices.

The central bank had previously expected the economy to grow between July and September but it now believes it will shrink by 0.1%.

The BoE move follows the U.S. Federal Reserve’s decision on Wednesday to raise its key rate by three quarters of a percentage point, as central banks worldwide grapple with post-COVID labour shortages and the impact of Russia’s invasion of Ukraine on energy prices.

“Should the outlook suggest more persistent inflationary pressures, including from stronger demand, the Committee will respond forcefully, as necessary,” the BoE said, using a similar form of words to previous months for its policy intentions.

With Thursday’s move, the Bank of England has already raised borrowing costs for business and consumers back to levels last seen in 2008 in a bid to take the heat out of inflation that continues to hover just below 10%.

Like most of its major peers, the central bank is having to weigh the need to prevent price rises getting out of hand and the damage caused by aggressive rake hikes.

Some economists believe the UK economy is already in a recession, and the Bank of England shares that view. It forecast UK GDP to decline by 0.1% in the third quarter, partly as a result of the extra public holiday for the Queen’s funeral. GDP fell by that much in the second quarter.

Tags: Bank of England (BOE)breakingHeritageheritage timesheritagetimesmedialatestnewsthe heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

EU Plans Fresh Sanction On Russia Over Putin’s Plan To Mobilise 300,000 Reserved Forces To Ukraine

Next Post

Africa Should Not Be Pressured To Take A Position On Ukraine War— AU

Related Posts

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Ukrainian Forces Capture Nigerian Fighting For Russia

Club World Cup: Chelsea, Fluminense Battle For Final Ticket

Next Post
Africa Should Not Be Pressured To Take A Position On Ukraine War— AU

Africa Should Not Be Pressured To Take A Position On Ukraine War— AU

Please login to join discussion
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025
Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025
Sierra Leone Suffers Power Cut As Turkish Power Supplier Shutdown Amid $40 Million Debt

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

July 5, 2025
Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

July 5, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

JUST IN: African Champion Kolawole Crushes American, Others To Win Spanish Grand Prix Gold

July 5, 2025

Ronaldo Absent As Family, Football Stars Bury Jota, Liverpool To Retain Player’s Contract

July 5, 2025

Benin, Togo Owe Nigeria Over $11m In Unpaid Electricity Bills – NERC

July 5, 2025

Russia, China’s Presidents Absent As BRICS Summit Starts In Brazil

July 5, 2025

Ukrainian Forces Capture Nigerian Fighting For Russia

July 5, 2025

Club World Cup: Chelsea, Fluminense Battle For Final Ticket

July 5, 2025

Even If Devil Is Angry, I’ll Construct Huge Church At Presidential Palace — Ruto

July 4, 2025

Partey: Ex-Arsenal Star Charged With ‘Rape’

July 4, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

From Hope To Fear: Kenya Joins East Africa’s Crackdown On Free Expression

AfDB Set For A New President, As Ould Tah Gains Continental Endorsement

How Dangote Is Turning Trump’s Trade War Into Africa’s Opportunity

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • Privacy Policy

© 2024 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • About HT
  • Contact us

© 2024 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In