The Bank of England has reduced interest rates after seven members of the central bank’s nine-strong Monetary Policy Committee (MPC) voted to reduce the base rate from 4.75 per cent to 4.5 per cent.

WORKERS’ pay across the UK has slowed as businesses face increased staffing costs making an interest rate cut “more likely”.

The Bank of England is prepared to make larger interest rate cuts if the job market shows signs of slowing down, its governor ...

The Bank of England on Thursday cut interest rates by 25 basis points, lowering its key rate to 5.0% from a 16-year high of 5.25%. Policymakers voted 5-4 in favor of the reduction, in what had ...

While rate cut expectations for 7 August have risen due to the weakening labour market, the data intensifies the focus on the ...

The Bank of England has hinted at further interest rate cuts, which could come as soon as August. It decided to keep rates at 4.25% on Thursday with inflation, the rate prices rise at over time, ...

The Bank of England cut interest rates on Thursday in a move likely to bring relief to borrowers, businesses and hard-pressed consumers across the country. The central bank reduced its key ...

The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.

The Bank of England is hiking interest rates in an effort to fight surging prices even as the Omicron variant engulfs the United Kingdom and threatens to put the economy into reverse.. The central ...