Bank of England to Cut Interest Rates Only Twice More, NIESR Predicts
Despite this, NIESR says BoE only has scope to cut rates by a further quarter point this year and once more in 2026, lowering ...
Bank of England's Mann: Bigger Rate Cut Was Needed to 'Cut Through the Noise'
Mann was one of two members of the BoE's Monetary Policy Committee who last week voted for a half-point cut in interest rates ...
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Savings rates slashed by more than 30 banks since interest rate cut
Providers generally drop rates on savings accounts when the Bank of England lowers interest rates, although mortgage costs ...
Chase Bank cuts savings payouts on two February dates in unwelcome message
Chase Bank has issued an unwelcome message to customers as it drops payouts twice. The online-only US bank, which has ...
Bank of England policymaker says job losses will ‘restrain’ inflation rise
Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across ...
Bank of England's Mann says no to 'cut, cut, cut' on rates
Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in ...
Bank of England's Mann clarifies stance on interest rate cuts
Catherine Mann, a policymaker at the Bank of England (BoE), clarified her stance on interest rate cuts during a speech on ...
Barclays warning for customers as interest rates drop
Barclays has announced it will be dropping savings rates on two popular accounts. The Everyday Saver will drop from 1.50% to just 1.25% on balances up to £10,000, while the Rainy Day Saver will fall ...
Another major bank cuts mortgage rates: Will cheapest deals head back below 4%?
The high street bank has reduced mortgage rates for both home movers and those remortgaging, by up to 0.36 percentage points.
UK interest rates are too restrictive
At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...
Barclays customers issued warning as bank makes huge change to accounts this week
The high street bank is set to slash the interest rate on two of its savings accounts this Thursday. The first will be its ...
Bank of England rate-setter sees no repeat of extended inflation spike ahead
A member of the Bank of England's rate-setting committee has made a case for a steeper cut to interest rates on expectations that an inflation hump ahead will be temporary.