“While today’s cut in interest rates will be welcome news, millions of families are still facing higher mortgage rates after the mini-budget. That is why this government is taking the difficult decisions now to fix the foundations of our economy after years of low growth, so we can rebuil...
The Bank of England has said it is not ruling out cutting UK interest rates next month, after deciding to hold borrowing costs at the same level for another month running. The Bank’s Monetary Policy Committee (MPC) said it was not yet at the point where it can start cutting rates, opt...
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However, Mr Bailey refused to say whether he thought UK interest rates had reached a peak. Today's interest rate rise could be the last. The pace of rises is slowing and inflation is now predicted to fall faster than expected, in part as a result of the government's help for energy bi...
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 ...
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...
Meanwhile, the European Central Bank has also eased monetary policy, lowering rates twice by a quarter of a percentage point at separate policy meetings. In the UK, economists widely expect the Bank of England to follow suit with additional rate cuts in the coming months if inflation...
The pound also pushed lower today, adding to-tape its lowest level versus the greenback in almost two weeks. This fact along with fading economic growth prospects, prompted investors to scale back bets that the Bank of England will boost interest rates when it meets July 10. However, the fol...
Interest rate decision brings 'little relief' to struggling families A pause on interest rates will bring "little relief" to struggling families, anti-poverty charity the Joseph Rowntree Foundaton has said. Chief economist Alfie...