Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...

The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday ...

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

Bank of England cuts interest rates to 4.5% but UK growth downgraded - Bank MPC votes to cut borrowing costs but also slashes short-term growth forecasts for economy in blow to Rachel Reeves ...

Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.

The rate cut initially put sterling under pressure although it rallied from lows. The pound was quoted lower at USD1.2444 at the London equities close on Thursday, compared to USD1.2513 at the close ...

The base rate fell to 4.5 on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...

The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024, the CPI inflation was measured at 2.5% in the UK.

The Bank of England cut interest rates by a quarter-point, sparking surprise and disagreement among policymakers. While ...