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The decision comes a day after the US Federal Reserve voted for a shock 0.5 per cent cut to US interest rates, marking the first drop in four years. Key Points Breaking: Bank of England holds base ...
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 Monetary Policy ...
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 ...
As inflation rates have fallen from multidecade highs, the central banks have started cutting interest rates, though few, if any, economists think that rates will fall back to the super-low levels that persisted in the years after the global financial crisis of 2008-2009.
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 ...
UK interest rates have been held at 4.75% following a divided vote among Bank of England policymakers, as they weighed up concerns over a stagnating economy and persistent inflation. The Bank’s ...
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 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 ...