Bank of England still on track to cut interest rates despite surging wages
"Pay growth went up, but actually not quite as much as we were expecting," Andrew Bailey said at an event in Brussels.
Bank of England cuts interest rates to 4.5%
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months.
Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target.
How will inflation impact Bank of England interest rate decisions
The first inflation figures of the year confirmed what many had already known: Inflation will rise significantly in 2025.
U.K. Inflation Reaches 10-Month High, Complicating Bank of England’s Rate Path
Consumer prices were 3.0% higher in January than a year earlier, up from 2.5% in December, complicating the picture for the BOE after it said it would cut interest rates gradually.
UK inflation spikes to a 10-month high, likely to worry the Bank of England
Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England.
UK inflation rate jumps to 10-month high of 3%
The UK inflation rate can impact your money in more ways than one. Firstly, rising inflation means things costs more - so today's 3% figure means if a bottle of milk cost £1 a year ago it now costs £1.
Inflation jumps to 10-month high, knocking chance of early interest rate cut
UK inflation jumped more sharply than expected at the start of the year, posing a dilemma for the Bank of England as it considers further interest rate cuts amid weak economic growth. The Office for National Statistics (ONS) said on Wednesday that Consumer Prices Index (CPI) inflation rose to 3% in January from 2.
UK inflation sees further spike as it rises to a 10-month high
January's inflation figure is likely to slow down the Bank of England's delivery of interest rate cuts as inflation remains well above the central bank's government-set target. View on euronews
BBC14d
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank of England has cut interest rates from 4.75% to 4.5% - the lowest base rate since June 2023 The Bank's Monetary Policy Committee voted 7-2 in favour of the cut - those two members ...
Bank of England cuts interest rate as it happened: Base rate falls to 4.5%; economic growth forecast also reduced
The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5%. In a blow to UK ...
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates. 24/7 coverage of breaking news and live events ...
The New York Times14d
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected. By Eshe Nelson Reporting from London The Bank of England cut ...
AOL14d
Interest rates live: Bank of England cuts interest rates to 4.5% but UK growth downgraded
The Bank of England has cut interest rates to 4.5 per cent, but painted a gloomy picture for the UK economy by halving its growth forecast for this year and predicting a surge in inflation.