Sky’s Ed Conway explains the three things you need to know as the Bank of England cutts interest rates from 4.75% to 4.5%Thursday 6 February 2025 14:05, UK Bank Of England UK Economy How will interest rate cuts affect you? 'They think there are some potential clouds on the horizon -...
"This Bank rate is not on a pre-set path, with increased uncertainty and risks to inflation on both sides," he says. "From the near-term outlook to UK activity in inflation and from developments in the global economy, we must also proceed carefully, judging the evide...
Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee's interest rate decision is scheduled for release on Sept. 19. Bloomberg | Bloomberg | Getty Images The Bank of England m...
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. It also follows the collapse of...
Catherine Mann: ‘I would rather err on the side of over-tightening,’© Hollie Adams/Bloomberg One of the Bank of England’s more hawkish policymakers on Monday indicated that she did not back pausing interest rate rises, arguing that the UK central bank still needed to do more to ensure...
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target
The Bank of England left the benchmark bank rate steady at 4.75% during its December 2024 meeting, in line with market expectations, as CPI inflation, wage growth and some indicators of inflation expectations had risen, adding to the risk of inflation persistence. However, three policymakers pref...
Rate cut could offer a welcome boost to the housing market The decision to cut interest rates by 25 basis points is a “welcome shot in the arm for the UK housing market and the country’s stagnating economy”, according to specialist property lender Together. ...
The key bank rate could reach 3-3.5% by next summer, according to Smith. After Thursday's cut, the key bank rate is now at 5%, down from the 16-year high of 5.25%. — Sophie Kiderlin Thu, Aug 1 20248:42 AM EDT Bank of England MPC ends briefing ...
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...