Bank of England cuts rates, sees weaker growth and inflation spike
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.
The Bank of England is responsible for maintaining the UK’s economic stability. It operates monetary policy by adjusting the Bank Rate and, in certain circumstances, supplements this with ...
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Will the Bank of England cut interest rates next week? Here's why it now looks more plausibleThe pound fell back from recent highs on Friday after fresh data showed the economy shrank for a second consecutive month. Data from the office for National Statistics showed a 0.1 per cent GDP ...
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth. Economic output expanded by just 0.1 per ...
Fears over a recession could see the Bank of England cut interest rates five or six times this year, according to one of its own experts. Alan Taylor, an external member of the Bank's Monetary ...
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Bank of England set to hold interest rates after inflation jumpThe Bank of England is poised to leave interest rates on hold this week after a jump in inflation and uncertainty over the Budget’s economic impact. Policymakers are expected to keep rates at ...
The Bank of England opted to hold the base rate at its current level in December, meaning interest rates began 2025 at 4.75 per cent. The next rate decision will be announced on Thursday 6 ...
Picture date: Thursday November 7, 2024. Henry Nicholls/PA Wire The Bank of England’s first interest rate decision of 2025 will take place next week, and investors widely expect rate-setters ...
A member of the Bank of England's monetary policy committee (MPC) has called for interest rates to be cut "pre-emptively" to get the UK economy back on track. The committee will make its next ...
The Bank of England will reveal its first interest rate decision of the year on Thursday, against a backdrop of stubborn inflation and sluggish economic growth. The data poses an interesting ...
UK stocks rallied to hit a fresh record ahead of the rate decision. The FTSE 100 is up 1.1 per cent — touching a fresh high — helped by weakness in the pound. The mid-cap FTSE 250 rose 0.7 per cent.
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