It has decided to cut interest rates by 4.75% to 4.5%, and in a blow to the chancellor, it slashed its growth forecast for the UK economy. Bank of England governor Andrew Bailey said he hopes more interest cuts will be possible down the line, but that the road ah...
Sky's Ed Conway talks to the Bank of England Governor after they announced interest rates would be cut from 4.75% to 4.5%. Thursday 6 February 2025 16:35, UK Andrew Bailey Sky asks BoE governor about 'depressing' growth 'I'm afraid there's just a greater amount of uncertainty in the ...
Maintaining our forecast for a UK bank rate of 3.75% by end of 2025. As expected, the Bank of England’s Monetary Policy Committee (MPC) voted to keep the Bank rate on hold at 4.75% at its final policy meeting of 2024. In an unexpected twist, however, three of the nine-member commi...
Mann indicated she was not yet certain interest rates were sufficiently high to be “restrictive” and constrain spending in the economy. She said it was a “risky bet” to assume the central bank had done enough to force inflation to fall, warning that not taking enough action could cause ...
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. ...
With its forecasting abilities under question, however, the BoE’s likely approach now comes with a risk of “policy error,” where it raises interest rates too high. Perhaps more than any other developed economy central bank, the BoE is set on a course of prioriti...
The Bank of England is expected to lower interest rates by another quarter point this week as policymakers weigh up signs of a weakening UK economy alongside the prospect of a short-term pick-up in inflation. Financial markets have been betting that the BoE’s Monetary Policy Committee will on...
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
Bank of England officials kept interest rates unchanged at a record low, leaving the pound lower against the euro. It slipped 0.4 per cent to 75.80 pence per euro as of 12:10 pm. It had earlier reached 76.07 pence, the weakest level since January 2015. It was little changed at $1....
LONDON, England (CNN) -- The Bank of England reduced interest rates by 0.5 percentage points Thursday to 1 percent, the lowest-ever level. UK interest rates are at their lowest levels since the Bank of England was founded in 1694. The decision came shortly before the European Central Bank ...