Bank of England, interest rates

Bank of England rate setter calls for caution amid rising inflation
Bank of England rate setter calls for caution amid rising inflation - Megan Greene said it is unlikely inflation persistence will ‘fade on its own accord’, and said policymakers should be cautious with rate cuts.
Bank of England poised to cut rates but inflation worries linger
The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles the need to help the sluggish economy with still-strong inflation pressures.
Bailey speech: We expect to be able to cut bank rate further
Bank of England (BoE) Governor Andrew Bailey speaks on the policy outlook and responds to questions from the press following the decision to lower the policy rate by 25 basis points (bps) at the February meeting. "We expect to be able to cut bank rate further but we will have to judge meeting by meeting how far and how fast."
Banks slash savings rates after Bank of England rate cut
Dozens of high street banks and building societies have moved swiftly to cut rates on savings products following the Bank of England’s decision to lower the base rate. Nearly 40 providers have reduced their rates,
Bank of England to cut interest rates only twice more, NIESR predicts
Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest rates further, the NIESR think tank predicted on Wednesday in a relatively upbeat set of forecasts.
Bank of England policymaker issues interest rates warning after 'uncomfortable' news
ABank of England policymaker has called for a cautious approach to interest rate cuts following"uncomfortable" growth figures. Megan Greene, who is part of the central bank's Monetary Policy Committee (MPC),
Is this the first sign that Rachel Reeves’s plan could actually work?
The National Institute of Economy & Social Research now believes the UK will grow at twice the speed expected by the Bank of ...
Bank of England's Mann sees consumer pricing near target in year ahead, FT reports
Bank of England interest rate-setter Catherine Mann said companies will struggle to raise prices this year as consumers are ...
Interest rates fall even further – here’s what it could mean for you
In the dramatic few years that followed the Covid lockdowns, the Bank increased interest rates 14 times in an effort to ...
News-Press NOW9d
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
LONDON (AP) — The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months. In a statement ...
The Financial Times9d
Bank of England cuts interest rate as it happened: Base rate falls to 4.5%; economic growth forecast also reduced
Bank of England reduces interest rate to 4.5% and halves 2025 growth forecast Bank of England cuts interest rate as it happened: Base rate falls to 4.5%; economic growth forecast also reduced ...
Yahoo Finance10d
Bank of England set to cut interest rates to 4.5% in first decision of year
The Bank of England (BoE) is set to cut interest rates in its next meeting this Thursday from 4.75% to 4.5%, following lower-than-expected inflation figures for December but ongoing concerns about ...
CNN7d
The world’s second-largest gold storage suddenly has very long lines to withdraw bars
All existing slots at the Bank of England to withdraw gold bars are booked up as market players race to ship the metal to the United States to take advantage of a surge in gold prices there ...
London Evening Standard8d
Bank of England cuts interest rates to 4.5%
The Bank of England has cut its benchmark interest rate by a quarter point to 4.5%. The Bank’s rate setting Monetary Policy Committee (MPC) voted by 7 to 2 to bring rates down. Two members of ...
The Mirror9d
Bank of England cuts interest rates to 4.5% - what it means for your money
The Bank of England has cut interest rates by 0.25 percentage points to 4.5% in a major boost for homeowners today. The base rate is what the Bank of England charges other lenders when they ...