The Bank of England has cut its main interest rats for the third time in six months as the British economy is struggling to ...

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 ...

If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC’s Steve ...

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 ...