The Bank of England made its first interest rate cut of 2025 on Thursday amid ongoing concerns over sluggish growth in the ...
The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.
Storyline: The British central bank announced on Thursday that it would cut the interest rate from 4.75 percent to 4.5 ...
For consumers, this means that their purchasing power could be eroded, making it more expensive to buy the same goods and ...
The Bank of England has cut interest rates by 0.25 percentage points to 4.5% - here's what it means for your money ...
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.
The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5 per cent, as it contends with a stagnant UK economy and an increasingly uncertain international ...
The Bank of England has reduced its key interest rate to 4.5 percent to help support weak British growth even if UK inflation ...
A London homeowner with a £300,000 tracker mortgage will see monthly repayments fall around £43 from £1,710 to £1,667.
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth. Economic output expanded by just 0.1 per cent ...
These mortgages 'track' the Bank of England base rate, plus a set margin - for example, the base rate plus 1%. Like fixed-rate mortgages ... This means that if the base rate rises by 0.25 percentage ...