Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

BoE sees inflation peaking at 4%, twice its target Read more at straitstimes.com. Read more at straitstimes.com.

Nationwide is lowering its standard mortgage rate (SMR) by up to 0.25% following the base rate cut earlier today.

The Bank of England has cut its main interest rate by a quarter percentage point to 4%, as policy makers seek to bolster the ...

Bank of England governor Andrew Bailey warned that the base rate would not be lowered "too quickly or by too much" after the ...

Interest rate cut to 4% means cheaper borrowing for some, but a smaller return for savers. Interest rates have been cut to ...

The Bank of England's governor has warned that rising food prices could push up inflation to 4 per cent, after another cut to interest rates.The Monetary Policy Committee voted 5-4 for a drop of 0.25 ...

Thomas Pugh, chief economist at audit, tax and consulting firm RSM UK said: “We still expect one more rate cut this year, but ...