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 wake of a steeper-than...
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...
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 ShareThis is a modal window. Video Unavailable'The UK economy has been stronger in recent months,' says Bank of England Governor ...
LONDON (AP) — The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K. fell significantly, relieving some pressure on borrowers who have faced elevated mortgage and loan costs. The...
Bank of England keeps interest rate at 5.25%Up until the inflation data was released on Wednesday morning, markets had put an 80% probability on them raising the rate by a further quarter percentage point.Thursday 21 September 2023 12:36, UK Interest Rates UK Economy ...
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. ...
The Bank of England is keeping its main interest rate unchanged at 5% 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 Bank of England cut its main interest rate from 0.75 percent to 0.25 percent on Wednesday as part of a package of measures to cushion the impact of COVID-19. At a special meeting which ended on Tuesday, the Monetary Policy Committee (MPC) voted unanimously to reduce the rate by 50 ...
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.
Bank of England to unveil latest interest rate decision The Bank of England is to unveil its latest interest rate decision at midday in London, with economists expecting another 0.25 percentage point increase. That would leave rates at 4.5 per cent, the highest level since 2008. ...