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Bank of England poised to cut UK interest rates for second time this year. Interest rates drop ‘looks virtually certain’, analyst says. 11:14, Andy Gregory. Inflation falling below the Bank of ...
The Bank of England has held interest rates at 4.75% in December - following two falls in 2024. Interest rates affect the mortgage, credit card and savings rates for millions of people across the UK.
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 has voted against a further cut to interest rates, after the latest UK inflation figures remained stubbornly high. ... The rate is then expected to fall to 2.9 per cent in 2026.
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 ...
In the United Kingdom, the official bank rate is the rate that the Bank of England charges banks and financial institutions for loans with a maturity of 1 day. It is the Bank of England's key interest rate for enacting monetary policy. [1] It is more analogous to the US discount rate than to the federal funds rate.
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 ...
UK interest rates will fall more slowly than expected following the tax rises, ... The OECD said on Wednesday that interest rates, which currently sit at 4.75 per cent, are expected to fall back ...