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 ...

Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...

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

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 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.

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.

In its monetary policy report of economic projections, the BoE said: "Measures of underlying pressures in services price inflation have continued to ease but remain elevated. They are expected to ...

British companies' expectations for wage growth fell marginally in January and expectations for employment growth also ...

The Bank of England's (BoE) cautious strategy in addressing the UK's economic slowdown could pave the way for a long period ...

The Bank of England cut interest rates by a quarter-point, sparking surprise and disagreement among policymakers. While ...