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The Bank of England has held interest rates at 4.75% as it cautioned over “heightened uncertainty in the economy” following the UK Budget and US presidential election.
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. Most economists think the nine-member ...
Interest rates are expected to be cut by the Bank of England later, in a move closely watched by households and economists. Analysts predict the benchmark rate will be cut from 4.75% to 4.5%, as ...
However, interest rates were significantly above this for much of the 1980s and 1990s, and up to the 2008 financial crisis, after hitting 17% in November 1979.. Inflation is also now far below the ...
UK interest rates have been held at 4.75% after the Bank of England voted to keep borrowing costs unchanged. In an unexpected split, three members of the nine-member rate-setting committee wanted ...
Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% on Thursday. Bank of England poised to cut UK interest rates for second time this year Skip to ...
The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K. fell significantly, relieving some pressure on borrowers who ...
The Bank of England raised interest rates to 5.25 per cent last year, taking them to their highest rates since before the great financial crisis of 2007-8. It then cut lending rates to 5 per cent ...