The Bank of England has cut its base interest rate from 4.75 per cent to 4.5 per cent, marking a shift in monetary policy as ...
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
For consumers, this means that their purchasing power could be eroded, making it more expensive to buy the same goods and ...
The Bank of England put a dovish twist to an expected rate cut, sending the British pound and bond yields lower. The central ...
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following ...
The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation ...
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates. 24/7 coverage of breaking ...
The Bank of England has downgraded its growth forecast for the UK, warning that the economy will expand by just 0.75% this ...
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though ...
The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.