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...
More about tracker rates Standard Variable Rate The NatWest Standard Variable Rate (SVR) is the interest rate you will pay when your fixed rate or tracker period ends. Our Standard Variable Rate can change at any time and is not always affected by the Bank of England Base Rate. We determin...
Bank of England holds rates at 4.75% Economy Dec 13 2024 UK on cusp of a recession as GDP falls again Economy Nov 20 2024 Inflation strays above BoE target at 2.3% Bank of England Nov 18 2024 Bank of England supports govt’s reform of ‘fragmented’ pensions ...
23/03/2023 Azad Zangana Senior European Economist and Strategist See all articles George Brown Senior US Economist See all articles The Bank of England’s (BoE) monetary policy committee (MPC) raised interest rates by a further 0.25% to 4.25%, meeting consensus exp...
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 ...
LONDON (Reuters) -The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual as it predicted the British government's first budget would lead to higher inflation and economic growth. The Mon...
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...
LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described the decision as “finely balanced” after U.K. inflation hit its 2% target. Money market pricing lifted the prospect of an August rate cut to nearly 50-50 on what investors pe...
March 24th, 2023 | 12:32 PM | 334 views 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 une...
The Bank of England (BoE) hiked interest rates to their highest level in 15 years on Thursday as the UK has been battling some of the highest inflation in the world’s large, industrial economies. Equity markets were under pressure, still focused on rating agency Fitch’s downgrade of the ...