2024-06-03 13:00:31 · Bank of England This statistical release contains average interest rates across deposit or loan accounts with UK banks and building societies, calculated using data on rates and balances. Key points Commentary on this data is now incorporated into the Money and Credit ...
Bank of England holds interest rate
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.
LONDON, May 5 (Xinhua) -- 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. The bank's Monetary Policy Committee (MPC) met on Wedne...
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...
Bank of England Governor Andrew Bailey on Thursday said the direction for interest rates was "pretty clear." "I think the direction of travel is ... to my mind ... pretty clear," he told CNBC's Steve Sedgwick. "I hope we'll be in a position to, you know, to see that restrictiven...
which acts as banker to the government and the commercial banks. It is responsible for managing the government's debt and implementing its policy on other monetary matters: established in 1694, nationalized in 1946; in 1997 the government restored the authority to set interest rates to the Bank...
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,...
The Bank of England has raised interest rates for the 14th successive time, lifting its official rate to 5.25%. The quarter percentage point increase was somewhat smaller than some economists had expected, following the release oflower-than-anticipated inflation datalast month. ...
The Bank of England has cut the base rate of interest for the second time in March in response to the coronavirus outbreak.