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 of a ...
The Bank of England (BOE) signalled it will keep easing gradually as more officials backed calls for an immediate cut in borrowing costs, prompting traders to boost bets on reductions next year. The Monetary Policy Committee voted 6-3 in favour of keeping its benchmark interest rate unchanged...
The Bank of England met expectations by lowering interest rates in the "razor-thin 5-4 split vote" of Thursday, according to the head of market strategy at financial services firm Ebury, allowing the British currency to hold ground. "Sterling held its own following the announcement, despite th...
"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...
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...
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
The pound also pushed lower today, adding to-tape its lowest level versus the greenback in almost two weeks. This fact along with fading economic growth prospects, prompted investors to scale back bets that the Bank of England will boost interest rates when it meets July 10. However, the fol...
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
With the Bank of England indicating rates could remain high for longer than expected, "it means there are still decent rates around, so if you have savings you won't need for the next year or so, it's still worth taking...