In a repeat of previous messaging that some analysts had thought it may drop, the Bank of England again said monetary policy needs to "remain restrictive for sufficiently long to return inflation to the 2% target sustainably." Inflation dataon Wednesday showedheadline price rises cooled to 2% in...
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 major...
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...
FILE PHOTO: Buses go past the Bank of England building, in London, Britain July 3, 2024. REUTERS/Maja Smiejkowska/File Photo 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 b...
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 (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 ...
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...
ENGLAND The head of the Bank of England has said he is "much more hopeful" for the UK economy, as interest rates were raised to their highest for 14 years. The decision to lift rates to 4.25% from 4% came after the inflation rate rose unexpectedly last month. ...
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates ByThe Associated Press February 6, 2025, 8:01 PM1:14 National headlines from ABC NewsCatch up on the developing stories making headlines.LONDON -- Bank of England cuts main interest rate by quar...
We also include a number of additional resources and tools that may help those that are due to remortgage soon. For further information and predictions on where the Bank of England base rate is likely to be as we head into 2024, check out our interest rate forecast. What is the Bank of...