Let's deal, first of all, with the question many of you will have: after today's reduction to 4.25%, will there be more interest rate cuts to come? Today the Bank of England did nothing to sway us - or the financial markets that bet on such things - from the assumption that furthe...
Bank of England cuts base rate to 4.25% ByEd Conway, economics and data editor The Bank of England has cut interest rates from 4.5% to 4.25%, citing Donald Trump's trade war as one of the key reasons for the reduction in borrowing costs. In a decision taken shortly bef...
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...
The base rate peaked at 5.25% – a 16-year high – in August 2023. It was held at this level for almost a year. The Bank of England finally began cutting rates in August 2024 after inflation showed significant signs of coming under control. This cycle has seen two cuts so far, one ...
LONDON — The Bank of England on Thursday delivered its first interest rate cut in more than four years, taking the key rate to 5%. Policymakers ultimately voted 5-4 in favor of the reduction, with Governor Andrew Bailey saying that the committee would move ahead cautiously. The Bank rate ...
As a tool the BoE uses the Bank of England base rate (BOEBR), now called the Official Bank Rate. When reference is made tothe British, UK's or English interest ratethis often refers to this BoE Official Bank Rate. This base rate is also referred to as the Bank Rate or Bank of Eng...
LONDON (AP) — Just like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates — though not quite yet.
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target
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. ...
The Bank of England has raised interest rates for the 14th successive time, lifting its official rate to 5.25%. The quarter percentage point increase was somewhat smaller than some economists had expected, following the release oflower-than-anticipated inflation datalast month. ...