1 day ago · Bank of England cuts interest rates to 4.5% from 4.75%; MPC's Dhingra and Mann vote for bigger cut to 4.25%; BoE sees inflation peaking at 3.7% this year

6 hours ago · The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The bank now predicts that the British economy will only grow by 0.75% this ...

1 day ago · The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5%. In a blow to UK chancellor Rachel Reeves, the BoE said it now expected the economy to ...

1 day ago · The Bank of England cut interest rates on Thursday for the third time in about six months, ... The bank downgraded its growth forecasts for the year, to 0.75 percent from 1.5 percent. Mr.

1 day ago · A direction sign is seen near the Bank of England building in London, Britain, February 3, 2025. ... The central bank also halved its forecast for growth this year to 0.75% - reflecting weak ...

1 day ago · The Bank of England has downgraded its growth forecast for the UK, warning that the economy will expand by just 0.75% this year, a significant cut from the 1.5% growth it predicted just three months ago. This marks a blow to the government, with the outlook now suggesting the country is at risk of a protracted period of sluggish growth. ...

1 day ago · The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months. In a statement, the bank's nine ...

Jan 28, 2025 · We publish statistics on the monetary and financial system which are relevant to our policy and regulatory responsibilities. Each month we publish statistics on borrowing and deposits by households and businesses from banks and other sources.

Dec 19, 2024 · The U.K.’s central bank has warned about “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target even at a time when the British economy is flatlining at best.

Aug 1, 2024 · Four-quarter supply growth is projected to average around 1½% during the second and third years of the forecast period. As in previous forecasts, demand growth is expected to be weaker than potential supply growth during 2025, such that a margin of economic slack is projected to emerge in the Committee’s modal projection.