Bank Of England

A world-first Glasgow SME-led business support programme, Wilson’s Foundry, celebrated the achievements of its first cohort at a showcase attended by Andrew Bailey, Governor of the Bank of England. Wilson’s Foundry brings together three established Glasgow City Innovation District (GCID)

A Bank of England (BoE) rate-setter has played down the recent surge in UK inflation, reiterating his call for additional interest rate reductions. Alan Taylor, a member of the Monetary Policy Committee (MPC), attributed the latest inflation increase to "one-off factors", specifically citing US Pres

Several members of the Bank of England’s Monetary Policy Committee (MPC) have signalled that persistent inflation could impede further interest rate reductions this year, a stance more cautious than current analyst expectations. This warning follows a recent MPC decision to lower the Bank Rate

The Bank of England has reduced interest rates by 0.25 percentage points to 4.25%, a decision that revealed a split amongst its policymakers. The Monetary Policy Committee (MPC) was not unanimous, with two members, Swati Dhingra and Alan Taylor, advocating for a more significant 0.5 percentage point

Mortgage approvals for UK homebuyers fell for the third consecutive month in March, signalling a potential market slowdown, according to the Bank of England. Falling by 800, approximately 64,300 mortgages for house purchases were approved – a key indicator of future borrowing activity.

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–