The growth in wages of 5.9% is likely to have been a factor in the Bank's decision to hold rates. Last month the Bank cut the base rate from 4.75% to 4.5%, the lowest level since May 2023. On Thursday ...

Yet while Bank of England ... one more rate cut in 2025". This will come around August, she says. Since the interest rates decision at 12:00 GMT, we've seen a small dip in the value of the pound.

Minutes from the meeting showed that eight members voted to keep policy unchanged, with one backing a quarter-point reduction. The rate-setting panel has reduced the Bank of England’s main rate ...

one of the world's largest hedge funds, and perhaps the most recognisable name in the industry, has given the Bank of England's new stimulus package the thumbs up in a note circulated to clients.

Founded in 1694, the Bank of England (BoE) is the central bank of ... This also impacts the value of the Pound Sterling (GBP). Andrew Bailey has been the Governor of the BoE since March 2020 ...