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 (AP) — Just like the U.S. Federal Reserve, the Bank of England is edging toward cutting interest rates — though not quite yet.
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 ...
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...
BENGALURU (Reuters) - The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less. Interes...
The Bank of England cut interest rates from 4.75% to 4.5% following an unexpected fall in inflation in December, but while this should bring immediate relief to homeowners, the Bank also downgraded its growth forecasts for the first quarter of 2025, now predicting a 0.1%...
The Bank of England (BoE) has reduced its key interest rate from 4.75% to 4.5% in a move aimed at supporting the UK’s slowing economy, marking its third cut since 2020. The decision reflects growing concerns over stagnation, with GDP forecasts for 2025 downgraded from 1.5% to roughly 1%...
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...
BENGALURU (Reuters) - The Bank of England will cut interest rates just once more this year, in November, a majority of economists said in a Reuters poll, as British inflation is expected to stay above target. At the August meeting, the Monetary Policy Committee ...