UK inflation surged to 2.3% in October, up from 1.7% in September, sparking fresh concerns about wealth erosion and unsettling financial markets. This significant rise, coupled...
Following a sharp decline in the pound on Friday sterling has held steady on Monday against the US dollar trading at $1.2619. The recovery of the...
The British pound continues to face downward pressure, with the currency poised to close the week lower. This ongoing weakness is most pronounced against the U.S....
Catherine Mann, an economist and member of the Bank’s Monetary Policy Committee (MPC), has said that the Bank of England will “move big” over cutting interest...
With Donald Trump wining the US presidential election, the Bank of England lowering interest rates remains uncertain. The Banks chief economist Huw Pill said further rate...
The Bank of England’s decision to cut the benchmark interest rate to 4.75% on Thursday is a welcome step, but businesses and consumers must adjust to...
Rates cut by 0.25% to 4.75%, MPC voted 8-1 to cut rates, with the dissenter preferring to leave cuts unchanged at 5%. Inflation is expected to increase to around...
As expected, the BoE cut rates by a quarter of a percentage point to 4.75%. Earlier in the year the markets were predicting a number of...
This week, the Bank of England is widely expected to cut interest rates again, marking its second reduction since August. With rates likely to drop by...
The Office for Budget Responsibility (OBR) have warned that inflation will remain above the Bank of England’s target rate. The OBR have increased their inflation target...
The Office for National Statistics (ONS) said that inflation has fallen below the Bank of England’s target rate of 2% for the first time since 2021....
Economists have said that the Bank of England is likely to cut interest rates as the wage growth has now hit its lowest level in four...