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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.
Hours after of the Bank of England’s interest rate decision, Norway’s central bank opted to keep its policy interest rate unchanged at a 16-year high of 4.5 per cent.
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 ...
UK inflation unexpectedly dipped in December, raising expectations of an interest rate cut next month. Prices rose 2.5% in the year to December, down from 2.6% the month before, marking the first ...
Inflation dropped below the Bank of England target rate last month for the first time since April 2021, the Office for National Statistics said. Interest rate cut ‘nailed on’ after UK ...
UK interest rates currently sit at a 15-year high of 5.25% after hikes ... mortgage rates falling and, just this week, data showed people’s wages have been rising faster than inflation for 12 ...
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 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 ...