The Bank of England made its first interest rate cut of 2025 on Thursday amid ongoing concerns over sluggish growth in the ...
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
Founded in 1694, the Bank of England (BoE) is the central bank of the United Kingdom (UK). Known as ‘The old lady of Threadneedle Street’, the bank’s mission is "to promote the good of the ...
Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, ...