A woman shops in a supermarket in London, Britain, May 5, 2022. The Bank of England (BoE), the central bank of the United Kingdom (UK), on Thursday once again raised its benchmark interest rate to 1 percent, the highest level since 2009, to curb surging inflation. (Xinhua/Li Ying)...
Bank of England governor refuses to indicate path for further interest rate moves Asked whether there are more interest rate reductions to come from the Bank of England, Governor Andrew Bailey said he would refuse to supply a signal at this time. “I’m not giving you any view on the path...
"The process of getting there is very tough and so what we have to do is to stick to the plan to get there as quickly as possible. Because, once we get inflation down, you can start to see a path where interest rates will come down and that will relieve the pressure on famil...
Bank of England holds interest rate
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...
base rate is also referred to as the Bank Rate or Bank of England base. It is the rate that the Bank of England charges banks and financial institutions for loans with a maturity of 1 day. Decisions regarding the level of the interest rate are made by the monetary policy committee (MPC...
LONDON (AP) — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased. In a statement Thursday, the bank said that by a 5-4 margin,...
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...
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 ago. The decision was widely expected amid ...
The latest news and updates from the Bank of England. Extensive coverage and analysis of the BoE's monetary policy decisions and reports, including interest rates and job market data.