The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.
Consumers need “careful financial planning in the months ahead” after the Bank of England cut interest rates on Thursday, ...
The Bank of England put a dovish twist to an expected rate cut, sending the British pound and bond yields lower. The central ...
Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".
Most economists had already predicted the nine-member Monetary Policy Committee (MPC) would lower the bank's main interest ...
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