The base rate is the fundamental interest rate set by a central bank, influencing borrowing costs throughout an economy. It…
The Bank of England's Inflation Report, now known as the Monetary Policy Report, details the outlook for inflation and economic…
The Bank of England is the UK's central bank, responsible for monetary policy, financial stability, and issuing currency. It plays…
Zero interest rates (ZIRP) mean central banks set benchmark rates at or near zero. This aims to stimulate borrowing and…
The Treasury manages a nation's finances, including debt, currency, and taxation. It plays a crucial role in economic policy, impacting…
Stagflation is a complex economic condition characterized by high inflation, slow economic growth, and high unemployment. Understanding its causes and…
A special liquidity scheme is a financial arrangement designed to inject temporary funds into a market or institution facing a…
A recession is a significant, widespread, and prolonged downturn in economic activity. It's characterized by falling GDP, rising unemployment, and…
The real interest rate reflects the actual purchasing power of returns on an investment or loan. It accounts for inflation,…
The quantity theory of money posits a direct relationship between the money supply and the general price level. An increase…