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

The British central bank announced on Thursday that it would cut the interest rate from 4.75 percent to 4.5 percent, citing concerns about stagnant growth. The decision was made by the Monetary Policy ...

The Monetary Policy Committee of the Bank of England (BOE) voted for Reduce the interest rate key of 25 basis points at 4.5% ...

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

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 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 ...

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.

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

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