Shock for UK as Bank of England halves its economic growth prediction
The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The bank now predicts that the British economy will only grow by 0.75% this year,
Bank of England Chief Economist Says Some Colleagues ‘Rushing’ to Cut Rates
Bank of England Chief Economist Huw Pill pushed back against colleagues voting for a large interest rate cut, arguing that they are “rushing” to change policy too quickly.
Live: Bank of England cuts interest rates to 4.5%
The Bank of England voted to reduce the base rate by 25 basis points at the first MPC meeting of the year, as widely anticipated
Interest rates cut by Bank of England - first meeting of monetary policy committee in 2025
The Bank of England has taken the decision to reduce interest rates. At its meeting ending on 6 February 2025, the monetary policy committee (MPC) voted by a majority of seven to two to reduce the bank rate by 0.25 percentage points, to 4.5 per cent.
Bank of England to cut interest rates to 4.5% as economic growth stagnates
A CNBC report revealed that economists are betting on the Bank of England cutting rates by 25 basis points from 4.75% to 4.5% in the Thursday Monetary Policy Committee meeting. The expected rate cuts come as the UK economy continues to stagnate,
Bank of England expected to cut key UK interest rate to 4.50%
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 governor backs chancellor's plans after rate cut
Bank of England governor Andrew Bailey said he is a supporter of the Chancellor's long-term growth plans announced last week but that it would take time for the strategy to come through in its economic growth projections.
Bank of England chief faces questions over economy gloom and stagflation after interest rate cut: Live
Bank of England chief faces questions over economy gloom and stagflation after interest rate cut: Live - Interest rates were cut from 4.75 per cent to 4.5 per cent on Thursday
Bank of England's Mann says no to 'cut, cut, cut' on rates
Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in ...
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Bank of England confirms restrictive monetary policy: keeps rates unchanged
As decided by the US Federal Reserve, the Bank of England Monetary Policy Committee, (MPC) at its meeting ending on 20 March 2024, voted by a majority of 8–1 to maintain Bank Rate at 5.25%.
Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S ...
Bank of England's Mann: Bigger Rate Cut Was Needed to 'Cut Through the Noise'
Mann was one of two members of the BoE's Monetary Policy Committee who last week voted for a half-point cut in interest rates ...
Five vital Bank of England charts as UK growth is downgraded and inflation is forecast to rise
The Bank of England's Monetary Policy Committee has posted a 78-page report outlining its musings on the future for inflation ...