On the eve of a likely interest rate cut by the Reserve Bank of India (RBI), the local currency slumped to an historic ...

Paul Noble, CEO of Chetwood Bank, warned: “Savers should take this as a reminder that the window for securing the best rates ...

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 ...

European stocks closed higher on Thursday with several markets in the region climbing to record highs, as investors indulged in some ...

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 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.

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

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

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 lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a ...

In its monetary policy report of economic projections, the BoE said: "Measures of underlying pressures in services price inflation have continued to ease but remain elevated. They are expected to ...