LONDON, Nov. 7 (Xinhua) -- The Bank of England (BoE) on Thursday reduced interest rates for the second time this year, setting the rate at 4.75 percent, a 0.25 percentage-point decrease from the previous 5 percent. This adjustment brings rates to their lowest level in over a year, last...
2024-06-03 13:00:31 · Bank of England This statistical release contains average interest rates across deposit or loan accounts with UK banks and building societies, calculated using data on rates and balances. Key points Commentary on this data is now incorporated into the Money and Credit ...
Bank of England cuts rates by 25 basis points Commuters outside the Bank of England (BOE) in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty Im...
LONDON (ICIS)–The Bank of England (BoE) on Thursday cut its key interest rate for the second time this year, instituting a 25 basis point fall as inflation continues below target. The bank cut its core interest rate to 4.75% in the wake of a steeper-than...
LONDON (ICIS)–The Bank of England (BoE) on Thursday cut its key interest rate for the second time this year, instituting a 25 basis point fall as inflation continues below target. The bank cut its core interest rate to 4.75% in the wake of...
Bank of England Governor Andrew Bailey on Thursday said the direction for interest rates was "pretty clear." "I think the direction of travel is ... to my mind ... pretty clear," he told CNBC's Steve Sedgwick. "I hope we'll be in a position to, you know, to see that restrictiven...
The Bank of England (BOE) signalled it will keep easing gradually as more officials backed calls for an immediate cut in borrowing costs, prompting traders to boost bets on reductions next year. The Monetary Policy Committee voted 6-3 in favour of keeping its benchmark interest rate unchanged...
Bank of England holds official interest rates steady at 5 percentJANE WARDELL
LONDON, Dec. 20 (Xinhua) -- Brexit uncertainties are weighing on British economic growth, the central bank, the Bank of England (BoE), said on Thursday as it chose to hold interest rates level. All nine members of the BoE's rate-setting Monetary Policy Committee (MPC) voted to keep the...
LONDON (AP) — The U.K.'s central bank is set to keep interest rates on hold later Thursday as inflation has moved further above its target rate, even though the British economy is flatlining at best.