Despite this, NIESR says BoE only has scope to cut rates by a further quarter point this year and once more in 2026, lowering ...

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 ...

Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in ...

Providers generally drop rates on savings accounts when the Bank of England lowers interest rates, although mortgage costs ...

The high street bank has reduced mortgage rates for both home movers and those remortgaging, by up to 0.36 percentage points.

Catherine Mann said more job cuts and a slowdown in hiring partly driven by higher company taxes will slow price rises across ...

During her speech at Leeds Beckett University, Mann asserted that she still sees restrictive monetary policy as necessary. She believes that the long-term equilibrium level of British interest rates ...

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 ...

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, ...

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.

Last week the rate was cut from 4.75% to 4.5% with the prevailing wisdom suggesting that the threat of a return to higher inflation deterred the MPC from agreeing a large cut.

After steady increases over the past couple of years, certificate of deposit (CD) rates are declining as the Federal Reserve cuts short term interest ... chance the central bank will continue ...