Bank of England cuts interest rate as it happened: Base rate falls to 4.5%; economic growth forecast also reduced
The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5%. In a blow to UK chancellor Rachel Reeves, the BoE said it now expected the economy to grow by 0.75 per cent this year, half its November forecast of 1.5 per cent.
Bank of England policymaker Catherine Mann said companies will struggle to raise prices this year as consumers are hit by job ...
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The Mirror will be posting regular live updates ahead of the latest Bank of England interest rates decision, which is due at ...
Senior economists at the Bank of England will announce later on Thursday whether they are cutting the UK’s base interest rate, which currently sits at 4.75%. Most experts predict a quarter ...
The Bank of England put a dovish twist to an expected rate cut, sending the British pound and bond yields lower. The central ...
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The Bank of England's chief economist Huw Pill said that despite forecasts of inflation climbing to 3.7% in the second half ...
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