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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 ...
Sweden's central bank has cut its key interest rate today to 2.75 per cent from 3.25 per cent, as expected, while the Norwegian central bank held its policy interest rate unchanged at a 16-year ...
How UK interest rates have changed since 2007. ... The rate is then expected to fall to 2.9 per cent in 2026. ... down from roughly 28 per cent right after the inflation data.
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 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 ...
Thomas Pugh, economist at RSM UK, said: “The sharp drop in inflation to just 1.7%, the first sub 2% reading since April 2021, effectively nails on a 0.25 percentage point rate cut next month.
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.