The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The ...

BoE has cut rates from 4.75% to 4.5%. The decision, taken by the Bank’s Monetary Policy Committee (MPC), comes as the UK economy faces sluggish growth and rising concerns over global trade policies.

At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...

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 is widely expected to cut interest rates for the third time in six months later Thursday even though ...

UK lowers interest rate to 4.5%, downgrades economic growth forecast to 0.75% Bank of England cuts rates amid worries of slow ...

For consumers, this means that their purchasing power could be eroded, making it more expensive to buy the same goods and ...

The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking ...

On the growth front, it is hard to argue that an economy that grew 6.4% in 2024-25 (and is estimated to grow 6.7% in 2025-26) needs monetary-policy support. Sure, growth in 2024-25 is lower than ...

UK interest rates have fallen to 4.5% after ... as it also slashed short-term growth forecasts for the economy. The Bank’s Monetary Policy Committee (MPC) voted for a quarter-point reduction ...