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Bank of England cuts interest rates
Bank of England cuts rates but sees higher inflation after Reeves' budget
LONDON, Nov 7 (Reuters) - The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.
Live: Bank of England cuts interest rates to 4.75%
The outcome of the Monetary Policy Committee meeting was announced at midday today. Stay up to date with live reporting and analysis from the team at MoneyWeek.
Barclays says Bank of England to hold rates in December meeting
Barclays expects the Bank of England to hold interest rates at its December meeting, revising its prior forecast of a cut, citing the central bank's cautious tone that emphasized uncertainty and gradual policy moves.
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%.
Bank of England meeting: U.K. central bank cuts rates to 4.75%
The markets and economists expect the Bank of England will cut its bank rate by 25 basis point to 4.75% on Thursday. It will be the second such reduction in borrowing costs since the U.K. central bank began easing policy in August.
Bank of England policymakers speak after cutting rates
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.
Interest rates live updates: Bank of England base rate cut to help slash mortgage bills
Following the Bank of England’s decision to cut the base rate, chancellor Rachel Reeves, said: “Today’s interest rate cut will be welcome news for millions of families, but I am under no illusion about the scale of the challenge facing households after the previous government’s mini-budget.
Bank of England slashes interest rate by 25 basis points to 4.75%, as expected
The Bank of England cuts interest rates to 4.75% in line with expectations, continuing its easing cycle started in August.
BOE to Cut Rates in Decision That Will Be Overshadowed by Budget, Trump
The Bank of England is likely to lower interest rates for only the second time this year in a decision that will be overshadowed by the fallout from the UK budget and Donald Trump’s election victory.
Bank of England expected to cut interest rates
Most analysts predict the rate will fall from 5% to 4.75% when the decision is announced at 12:00 GMT.
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Bank of England Speech on Artificial Intelligence and Financial Stability
The Bank of England has published a speech by Sarah Breeden, BoE Deputy Governor, Financial Stability, on AI and financial stability. In the ...
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on MSN
Bank of England cuts rates but sees higher inflation after Reeves's budget
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely ...
7h
on MSN
Bank of England chief economist cautions over global economic ‘disturbances’
Huw Pill said the outlook for interest rate cuts depended on there being ‘no big new disturbances to the economy’.
1d
on MSN
Federal Reserve follows Bank of England with interest rate cut, with ‘uncertain’ economic outlook – business live
BoE says the higher bus fare cap and adding VAT to private school fees will push up UK inflation. 20:17 Q: ...
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