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...
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 ...
Interest Rates Pegged on New Recovery SignsTHE Bank of England today pegged interest rates at 0.5% as fresh green shoots of recovery emerged in the economy.Duncan, Hugo
However, Mr Bailey refused to say whether he thought UK interest rates had reached a peak. Today's interest rate rise could be the last. The pace of rises is slowing and inflation is now predicted to fall faster than expected, in part as a result of the government's help for energy bi...
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 restr...
Meanwhile, the European Central Bank has also eased monetary policy, lowering rates twice by a quarter of a percentage point at separate policy meetings. In the UK, economists widely expect the Bank of England to follow suit with additional rate cuts in the coming months if inflation...
LONDON (Reuters) -The Bank of England should be able to lower interest rates gradually as it gains confidence that inflation will remain close to its 2% target, Governor Andrew Bailey said in an interview published on Tuesday. Bailey said he was "very encouraged" by the d...
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 is expected to cut interest lending rates to the lowest since 1951 today. From Telegraph: Mervyn King, the Governor of the Bank, told MPs last week: "We may need to cut Bank Rate more than we would otherwise have done. We will take wh
"We know that inflation hits the least well off hardest and we need to make absolutely sure that it falls all the way back to the 2% target. That's why we've raised rates to 5.25% today." However, while the Bank's forecasts do not imply a recession in the coming years, they...