Bank of England halves UK growth projection and cuts main interest rate to 4.50%
The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months. In a statement, the bank's nine-member Monetary Policy Committee lowered its main interest rate by a quarter of a percentage point to 4.
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
UK central bank cuts interest rates as economy slumps
The Bank of England cut interest rates by a quarter percentage point on Thursday as the UK economic outlook darkens, alongside the looming threat of President Trump's trade policy
Bank of England policymakers speak after rate cut, weaker growth forecast
The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary.
Interest rates live: Bank of England cuts UK interest rates in boost for mortgage holders
Experts had predicted the Bank of England would cut the UK’s base interest rate, which currently sits at 4.75 per cent, to 4.5 per cent
U.K. Pound Falls After Bank of England Cuts Rates, Warns on Tariffs
Britain's central bank cut its main interest rate in response to a troubling mix of stuttering growth, stubborn inflation and President Trump’s tariff threats. Sterling lost about 0.5% against the dollar,
Analysts react to Bank of England rate cut
The Bank of England cut interest rates by a quarter of a percentage point on Thursday, judging a sharp upward revision to its inflation forecasts for this year will prove temporary.
Bank of England's chief economist opposes hasty interest rate cut
Bank of England Chief Economist Huw Pill has expressed disagreement with colleagues who are advocating for a substantial interest rate cut. Pill's argument is that the decision to alter the policy is being made too rapidly.
Bank of England chief economist downplays fears over inflation surge
Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday prices longer term.
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Bank of England humiliates Rachel Reeves with brutal downgrade to UK’s growth forecast
While the cutting of interest rates will have come as a relief to Rachel Reeves, the Bank's cut to growth predictions is a ...