GBP/USD lost its traction and dropped to a multi-day low below 1.2400 on Thursday following the Bank of England's (BoE) ...

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

The  Bank of England’s decision to cut interest rates has been widely welcomed by business, but it comes with caveats. The ...

The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The ...

Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...

The Bank of England has cut its main interest rats for the third time in six months as the British economy is struggling to ...

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.

The base rate fell to 4.5 on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...

The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024, the CPI inflation was measured at 2.5% in the UK.

The Bank of England lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a ...