Bank of England cuts rates, sees weaker growth and inflation spike
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.
Mortgage rates to fall as Bank of England cuts interest
The Bank of England have announced it is cutting the UK’s base interest rate to 4.5%. As a result, the cost of borrowing is expected to fall to its lowest point in more than 18 months. The base rate helps dictate how expensive it is to take out a mortgage or a loan, while it also influences the interest rates offered by banks on savings accounts.
Danske Bank in Northern Ireland made a pre-tax profit of £218m in 2024, up 17% on the £186m profit made in 2023. It is among ...
UK's economic stagnation is forecast to extend into the first part of this year prompting fresh gloom for Rachel Reeves. The Bank of England announced a cut in interest rates on Thursday from 4.75 per ...
Warnings of weak economic growth, resurgent inflation, and falling interest rates pose a toxic cocktail for Lloyds' share ...
Thousands of gold bars have been withdrawn from the Bank of England’s vaults since the end of last year amid fears around the ...
If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC's Steve ...
The Governor of the Bank of England has urged continued US support for two major global economic institutions. Andrew Bailey ...
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