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 This is a modal window. undefined OK Close Modal Dialog 'They think there are some potential clouds...
Find out when the next Bank of England MPC meeting is, why the base rate increases and how the base rate can affect your mortgage.
Thursday's rate cut was unlikely to dent sterling's allure, because UK rates at 5% remained relatively high and Britain's political, growth and inflation outlooks were better, said April LaRusse, head of investment specialists at Insight Investment. "I don’t think t...
Bank of England rate-setter fears new UK recessionROBERT BARR
It's the Bank of England's first interest rate cut since the start of the COVID pandemic.Thursday 1 August 2024 16:20, UK Andrew Bailey Bank Of England This is a modal window. undefined OK Close Modal Dialog 'The UK economy has been stronger in recent months,' says Bank of Engla...
Today’s announcement from the Bank of England that UK base rates are to increase by 0.25% from the previous rate of 4.25% to a new rate of 4.5%, must hardly come as a surprise. Most economists and analysts have been predicting that the Bank would hike again...
This statistic shows the forecasted Bank Rate in the United Kingdom (UK) from first quarter 2017 to first quarter 2024. The rate at which the Bank of England can loan money to commercial banks is set to increase gradually over this period, at a net increase of 1.2 percentage points. ...
Last month, the headline annual rate of inflation did fall sharply, as expected, but by much less than the Bank of England had predicted. Families around the UK will worry about food prices, which are still rising by eye-popping sums. The Bank of England will be more alarmed by...
rate cuts this year. Nonetheless, domestic uncertainty remains with the upcoming tax rises and the increase in the National Living Wage. The Bank will assess the second-round effects of these policy changes, and whether they lead to a rebound in domestic price pressures. This will likely mean ...
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 committee voted for a 25-basis point (bp) rate cut. ...