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 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 -...
“We need to communicate and act on our commitment to do what is necessary to achieve the 2 per cent target, sooner rather than later,” she said, adding that the BoE could easily reverse rises if interest rates climbed too high.
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...
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 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 increase in interest rates is likely to be felt by the end of 2023, and we forecast a recession to follow between Q4 2023 and Q2 2024. 28/06/2023 Azad Zangana Senior European Economist and Strategist See all articles Until quite recently we believed the Bank ...
VERY FEW predictions can be made with certainty, but one of the safest ones around at the moment is that the Bank of England won't be cutting interest rates at this week's meeting of the Monetary Policy Committee, or indeed raising them either. Sir Edward George, Governor of the Bank ...
LONDON (Reuters) -Big investors are growing more confident about a comeback for neglected UK assets, with the Bank of England's move to cut interest rates from a 16-year high burnishing the feel-good factor from the new British government's landslide election win. ...
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 ...