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.

Economic Indicators

U.K. inflation falls to 2.3%

Consumer price index shows inflation’s fall to lowest level in nearly three years but still above Bank of England's target

By Pan Pylas, The Associated Press |May 22, 2024

3 min read

Economic Indicators

Recession ends in the U.K.

While the British economy grew by 0.6% in the first quarter, it has barely grown over the past year

By Pan Pylas, The Associated Press |May 10, 2024

2 min read

Economic Indicators

U.K. inflation falls to lowest level since late 2021

Easing prices, including for food, pave the way for a welcome cut in interest rates soon

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

2 min read

Economic Indicators

U.K. inflation falls by more than expected in February

With the cost-of-living crisis abating, the Bank of England expected to start cutting interest rates soon

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

3 min read

Economic Indicators

U.K. fell into recession at the end of 2023

Official figures were released as economy takes centre stage in runup to general election

By Pan Pylas, The Associated Press |February 15, 2024

3 min read

Economy

U.K. inflation holds steady at 4%

Lower food prices help offset higher energy costs

By Pan Pylas, The Associated Press |February 14, 2024

2 min read

Policy

Bank of England is edging toward interest rate cuts — but not quite yet

U.K.'s central bank kept its main interest rate at a near 16-year high of 5.25% on Thursday

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

3 min read

Economic Indicators

Speculation ramps up for U.K. rate cut as inflation falls

Drop to two-year low of 3.9% in November was bigger than anticipated in financial markets

By Pan Pylas, The Associated Press |December 20, 2023

2 min read

Policy

BoE holds interest rates at 15-year high despite worries about the economy

Monetary policy to remain "restrictive for an extended period of time," the Bank of England governor said

By Pan Pylas, The Associated Press |December 14, 2023

3 min read

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