Shock for UK as Bank of England halves its economic growth prediction
The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The bank now predicts that the British economy will only grow by 0.75% this year,
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
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.
UK lowers interest rate to 4.5%, downgrades economic growth forecast to 0.75%
UK lowers interest rate to 4.5%, downgrades economic growth forecast to 0.75% Bank of England cuts rates amid worries of slow growth and inflation challenges
Bank of England expected to cut key UK interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target
Interest rates: Bank of England decision cuts UK rate, what it means for mortgage rates and prices - news
For consumers, this means that their purchasing power could be eroded, making it more expensive to buy the same goods and services. Thi Bank of England Cuts Interest Rates to 4.5% Amid Slower Growth and Rising Inflation Fears s could particularly affect essentials, such as food, energy, and transportation.
Bank of England cuts rates and growth outlook, sees inflation 'bump'
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.
Bank of England lowers Bank Rate by 0.25 percentage points to 4.5%
At its meeting ending on February 5, the Bank of England Monetary Policy Committee voted by a majority of 7-2 to reduce Bank Rate by 0.25
Bank of England restarts monetary easing, cutting key rate to 4.5%
The Bank of England made its first interest rate cut of 2025 on Thursday amid ongoing concerns over sluggish growth in the British economy.
UK: Bank of England cuts interest rate to 4.5 pct
Storyline: The British central bank announced on Thursday that it would cut the interest rate from 4.75 percent to 4.5 percent, citing concerns about stagnant growth. The decision was made by the Monetary Policy Committee of the Bank of England (BoE),
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UK interest rates cut to 4.5% from 4.75%, their lowest for more than 18 months
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.
Savers warned over next steps as 'window may be closing' after Bank of England decision
Paul Noble, CEO of Chetwood Bank, warned: “Savers should take this as a reminder that the window for securing the best rates ...
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Bank of England should cut rates pre-emptively, says committee member
Alan Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is ‘in the last half mile on inflation’. Bank of England MPC member Alan Taylor has ...