The Bank of England has cut interest rates to 4.5 per cent, but painted a gloomy picture for the UK economy by halving its growth forecast for this year and predicting a surge in inflation.

UK inflation has plummeted to 1.7%, below the Bank of England's (BoE) target for the first time in three years, sending shockwaves through the money markets, which now indicate a 91% probability of a ...

The Bank of England has held interest rates at 4.25% as it continues to tread carefully amid fears of resurgent inflation.

Europe and the US cut rates but the Bank of England stood its ground in favour of a ‘gradual’ approach. James Moore says a UK interest rate cut is now likely in November but predictions of a ...

Despite a raft of tax increases announced by Rachel Reeves in her first Budget, a fall in the interest rate offers some good news for small businesses. We explain how and why the latest rate cut ...

LONDON (AP) — The Bank of England cut its main interest rate by a quarter of a percentage point to 4.75% on Thursday after inflation across the U.K. fell significantly, relieving some pressure on ...

UK inflation fell unexpectedly in December to 2.5%, potentially opening the door to interest rate cuts by the Bank of England (BoE) next month. Financial markets now assign a 74% probability to an ...

The of the UK government’s in October 2024 was more borrowing, more tax and more spending. And within those broad goals lie substantial implications for the housing market.

As had been widely anticipated, the central bank opted to trim interest rates by a quarter point at its latest rate-setting meeting, despite hopes among some for a larger half-point cut.

UK interest rates will almost halve from their present rate of 5 per cent, according to top US investment bank Goldman Sachs. Borrowing rates, set by the Bank of England, will sink to 2.75 per ...