The Bank of England's first interest rate decision of 2025 will take place next week, and investors widely expect rate-setters to reduce borrowing costs for a third time.
The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.
The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster reductions than they currently predict as the economy flatlines. Economists polled by Reuters unanimously expect the BoE to cut its benchmark rate to 4.
ING is looking for three further cuts later this year, but a shaky jobs market and the prospect of lower services inflation risks pushing the BoE into more aggressive moves. Click to read.
The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of the year.
The Bank of England is expected to cut interest rates next week - sparking a series of reductions in 2025. The bank is set to drop them from 4.75% to 4.5%, in a move that could shake up savings, mortgages, and retirement plans. Markets are pricing in an 84% chance of a cut as policymakers respond to slowing economic growth and a dip in inflation.
SUN readers are being given the chance to put their questions to the man responsible for setting how much interest you pay on your mortgage, credit card and bills. Andrew Bailey, the Governor of
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort
The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.
Growth in private sector earnings was stronger than for public sector jobs. Despite a risk of higher wages pushing up inflation, the Bank of England is still expected to cut interest rates next month. Rates are currently at 4.75%, but traders have bet on a ...
(Bloomberg) — The Bank of England faces an extra dilemma ahead of next week ... Bloomberg’s SHOK model is similar to the BOE’s own method for predicting inflation in the months ahead. It estimates that sterling’s drop against a trade-weighted ...
EXCLUSIVE: Donald Trump has sparked a gold rush with the US swiping Britain’s bullion leaving London currently facing a shortage as those across the pond stockpile