The Bank of England has cut interest rates to 4.5%, down from 4.75 ... was normal for most of the last decade. Now, inflation is much lower than the highs of recent years, at 2.5% per year.

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.

Despite this, NIESR says BoE only has scope to cut rates by a further quarter point this year and once more in 2026, lowering ...

The Bank of England made its first interest rate cut of 2025 on Thursday amid ongoing concerns over sluggish growth in the British economy.

The Mirror will be posting regular live updates ahead of the latest Bank of England interest rates decision, which is due at ...

Senior economists at the Bank of England will announce later on Thursday whether they are cutting the UK’s base interest ... months last year. The last time the rate was set at 4.5% was in ...

The new forecast came as the Bank cut interest rates to 4.5% from 4.75% ... "broadly flat since March last year". The UK ...

LONDON (Reuters) - The Bank of England cut interest rates by a quarter of a percentage point on Thursday, judging a sharp upward revision to its inflation forecasts for this year will prove temporary.

The Bank of England (BoE) is set to cut interest rates in its next meeting this Thursday from 4.75% to 4.5%, following ...

The Bank of England has cut interest rates for the third time since the inflation crisis, taking the base rate to 4.5 per ...

MORTGAGE lenders have swiftly reduced their rates following the Bank of England’s decision to lower the base rate to 4.5% this afternoon. This move is set to benefit thousands of borrowers, ...

UK interest rates have fallen to 4.5% after ... The Bank’s Monetary Policy Committee (MPC) voted for a quarter-point reduction after similar cuts in August and November last year, bringing ...