Bank Of England

The Bank of England has maintained the base interest rate at 4.5% as concerns grow over the impact of trade conflicts on economic growth. The Monetary Policy Committee (MPC) faced a difficult decision, balancing a slowing economy against persistent inflationary pressures. The vote was split, with ei

The Bank of England (BoE) has lowered interest rates to 4.5%, a 0.25% reduction, amidst concerns about rising inflation and sluggish economic growth. The BoE's Monetary Policy Committee (MPC) voted 7-2 in favour of the cut, aiming to alleviate pressure on borrowers. However, the bank halved its 2025

The Bank of England is poised to slash interest rates to a low not seen in over a year and a half during its upcoming meeting this Thursday, 6 February. Economists predict a quarter-point reduction from the current 4.75% to 4.5%, marking the first cut of the year.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to hold interest rates at 4.75%, following a slight uptick in inflation in November. The decision aligns with economists' predictions, as November's inflation figures rose to 2.6%, up from 2.3% in October.

The EY ITEM Club has predicted the Bank of England will maintain the Bank Rate at 4.75% at its December Monetary Policy Committee (MPC) meeting next week. This pause in the rate-cutting cycle is anticipated to be temporary, with the EY ITEM Club expecting a return to rate reductions in the new year,

Despite forecasting that the Chancellor's recent budget will prolong the fight against inflation, The Bank of England has cut the base interest rate a further 0.25 percentage points, bringing the interest rate to 4.75% and marking the second cut this year. The bank predicts that the budget's £

Mortgage approvals have reached a two-year high in September, with 65,600 loans approved, according to the Bank of England.

The pound sterling experienced its sharpest decline against the dollar since March, falling over 1% after Bank of England (BoE) Governor Andrew Bailey suggested the possibility of accelerated interest rate cuts. Speaking to The Guardian Governor Bailey indicated that the BoE could adopt a "more aggr

Bank of England Governor Andrew Bailey has played down expectations of interest rates returning to near zero, citing the need for significant economic shocks to justify such a move. Mr Bailey told Kent Online: “Where it will settle is a good question. Simple answer is I can't tell you wit

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to keep the base interest rate at 5%, confirming expectations and putting off further anticipated cuts. The MPC's decision comes after the UK's CPI inflation remained at 2.2% in August. It voted by a majority of 8–

UK CPI ticked up to 2.2% in July, driven by energy base effects that outweighed a slowdown in services inflation. Analysts anticipate further gradual increases in inflation through the second half of 2024. Peter Arnold, EY UK chief economist, said: "A smaller drag from the energy category added

The UK's major banks are now better prepared for a financial crisis and less likely to require a government bailout, the Bank of England has said. The central bank has published its second assessment of eight major banks – Barclays, HSBC, Lloyds Banking Group, Nationwide, NatWest Group, Santan

The Bank of England's Monetary Policy Committee (MPC) has voted to reduce the base interest rate by 0.25 percentage points to 5%. The decision passed with a 5–4 majority vote, with four members favouring a further rate hold. Jill Mackay, savings specialist at Scottish friendly, highl

The Bank of England (BoE) has invited views from the private sector on its approach to innovation in money and payments. Building on the BoE’s work to date, the newly published discussion paper asks for responses on the next step in a wide-ranging conversation on how to deliver an ambitio

House purchases faced delays due to a technical glitch in the Bank of England's crucial CHAPS payment system.