Pan Pylas, The Associated Press Auhtor Headshot Image

Pan Pylas, The Associated Press

Pan Pylas is a reporter with The Associated Press,  an American not-for-profit news agency headquartered in New York City and founded in 1846.

U.K. inflation rises to six-month high in October U.K. inflation rises to six-month high in October

Economic Indicators

U.K. inflation rises to six-month high in October

Expectations for further rate cuts this year disappear in face of higher energy bills

By Pan Pylas, The Associated Press |November 20, 2024

3 min read

BoE cuts interest rates again despite modest budget-related inflation spike BoE cuts interest rates again despite modest budget-related inflation spike

Policy

BoE cuts interest rates again despite modest budget-related inflation spike

Latest cut comes after inflation fell to an annual rate of 1.7% — U.K.'s lowest level since April 2021

By Pan Pylas, The Associated Press |November 7, 2024

3 min read

European Central Bank cuts interest rates again European Central Bank cuts interest rates again

Economic Indicators

European Central Bank cuts interest rates again

Seeing no signs of recession, bank’s rate-setting council lowers benchmark rate from 3.5% to 3.25% — its third reduction since June

By Pan Pylas, The Associated Press |October 17, 2024

3 min read

U.K. inflation falls to lowest level in over 3 years U.K. inflation falls to lowest level in over 3 years

Economic Indicators

U.K. inflation falls to lowest level in over 3 years

Consumer prices rose 1.7% in September, down from 2.2% the previous month, cementing expectations for another rate cut

By Pan Pylas, The Associated Press |October 16, 2024

3 min read

Bank of England keeps main interest rate on hold at 5% Bank of England keeps main interest rate on hold at 5%

Policy

Bank of England keeps main interest rate on hold at 5%

Inflation in the U.K. held steady at an annual rate of 2.2% in August, still above the bank’s goal

By Pan Pylas, The Associated Press |September 19, 2024

3 min read

U.K. inflation is steady at 2.2% ahead of next rate decision U.K. inflation is steady at 2.2% ahead of next rate decision

Economic Indicators

U.K. inflation is steady at 2.2% ahead of next rate decision

Higher air fares offset by lower fuel costs and restaurant and hotel bills

By Pan Pylas, The Associated Press |September 18, 2024

2 min read

Bank of England cuts main interest rate by 0.25% Bank of England cuts main interest rate by 0.25%

Policy

Bank of England cuts main interest rate by 0.25%

It's the central bank's first rate cut since the onset of the Covid-19 pandemic

By Pan Pylas, The Associated Press |August 1, 2024

3 min read

Is Taylor Swift affecting U.K. inflation? Is Taylor Swift affecting U.K. inflation?

Policy

Is Taylor Swift affecting U.K. inflation?

BoE wonders whether to cut rates as figures hold steady, defying expectations

By Pan Pylas, The Associated Press |July 17, 2024

3 min read

Bank of England keeps main interest rate at 16-year high of 5.25% Bank of England keeps main interest rate at 16-year high of 5.25%

Economic Indicators

Bank of England keeps main interest rate at 16-year high of 5.25%

The central bank kept its rate steady even though inflation has fallen to its 2% target

By Pan Pylas, The Associated Press |June 20, 2024

3 min read

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