However, the Bank revised its 2025 GDP forecast upwards and projected a significant drop in the unemployment rate, from 4.7 percent to an anticipated 4.1 percent. People walk out of a supermarket in Sheffield, Britain, Nov. 7, 2024. The Bank of England (BoE) on Thursday reduced interest ra...
The Bank of England made its first interest rate cut of the year on Thursday, signalling further cuts were to come as it downgraded the U.K.'s growth forecast for 2025. The central bank cut its benchmark interest rate by 25 basis points to 4.5%, with a majority of seven memb...
07-Nov-2024Full story Related news Related content Contact usLONDON (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 ba...
LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as "finely balanced" after U.K. inflation hit its 2% target. Money market pricing lifted the prospect of an August rate cut to nearly 50-50 on what investors perc...
Bank of England Monetary Policy Decisions Bank Rate Feb 06, 2025 4.50 -0.25 Nov 07, 2024 4.75 -0.25 Aug 01, 2024 5.00 -0.25 Aug 03, 2023 5.25 +0.25 Jun 22, 2023 5.00 +0.50 May 11, 2023 4.50 +0.25 Mar 23, 2023 4.25 +0.25 Feb 02, 2023 4.00 +0.50 Dec 15, 2022 3.50 +0.50...
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
BREAKING: BoE cuts interest rates The Bank of England has voted to reduce the base rate by 25 basis points, bringing it from 4.75% to 4.5%. 2 days ago Capital Economics: Inflation could rise to 3% this year New insight from consultancy Capital Economics suggests CPI inflation could increase...
1, 2024. (AP Photo/Alberto Pezzali, File) LONDON (AP) — The Bank of England kept its main interest rate unchanged at 5% Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years...
LONDON (Reuters) - The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds ($132.86 billion) over the coming 12 months, weighing on the government's finances. ...
It's the Bank of England's first interest rate cut since the start of the COVID pandemic. Thursday 1 August 2024 16:20, UK Andrew Bailey Bank Of England This is a modal window. Video Unavailable Technical details : This video is currently unavailable ...