
Holly Ellyatt
Correspondent at CNBC Europe
Correspondent with CNBC's International team in London, follow @CNBCi for updates
Articles
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1 week ago |
cnbc.com | Holly Ellyatt
Exterior of the Bank of England in the capital's financial district, on Feb. 6. 2025 in London, England. Richard Baker | In Pictures | Getty ImagesThe Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting the central bank to wait until August before it cuts again. Six out of nine of the BOE's monetary policy committee opted to hold rates with three opting for a cut.
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1 week ago |
cnbc.com | Holly Ellyatt
1 Hour AgoGood morning, here are the opening callsLondon at dawn. Dukas | Universal Images Group | Getty ImagesGood morning from London, and welcome to CNBC's live blog covering European financial markets and the latest regional and global business news, data and earnings.
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1 week ago |
nbcchicago.com | Holly Ellyatt |Ganesh Rao |Jenni Reid
Turkey's central bank left its key interest rate at 46% despite cooling inflation, in view of what it cited as geopolitical and trade tensions that threaten to spike prices again. "The underlying inflation trend has declined in May" and "has continued to decline in June," the bank's monetary policy committee wrote in a statement alongside its decision announcement.
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1 week ago |
cnbc.com | Holly Ellyatt
Bags of potatoes grown in the United Kingdom at the D & F McCarthy Ltd. fresh fruit and vegetable wholesaler in Norwich, UK, on Tuesday, Feb. 28, 2023. An acute shortage of salad items on UK supermarket shelves has sparked a political debate, with some people in the industry blaming Brexit while others say its a smokescreen for different problems.
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1 week ago |
nbcchicago.com | Holly Ellyatt
• The U.K.'s annual inflation rate hit 3.4% in May, in line with analyst expectations. • U.K. Finance Minister Rachel Reeves said the Treasury had taken "the necessary choices to stabilise the public finances and get inflation under control," but acknowledged "there's more to do."• Inflation data is being closely watched by the Bank of England ahead of its meeting Thursday.
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As G7 leaders meet, allies ask: Is Trump with us or against us? https://t.co/uN8fvhz8z6 #Trump #G7 #tariffs #trade #UkraineRussiaWar #IsraeliranWar

The UK insisted unpopular tax rises were a one-off. Economists say hikes are now inevitable https://t.co/IQf9RchmjP #UK #economy #reeves

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