Brits hope for mortgage relief with Bank of England poised to cut interest rates TODAY… but fears big-spending Budget could keep borrowing costs higher for years
4 months, 2 weeks ago

Brits hope for mortgage relief with Bank of England poised to cut interest rates TODAY… but fears big-spending Budget could keep borrowing costs higher for years

Daily Mail  

The Bank of England is poised to cut interest rates today - but could signal that the big-spending Budget will keep borrowing costs higher in future. Threadneedle Street's decision could be swayed by grim figures this week showing growth in the UK services sector slowing to its lowest rate in nearly a year. Tim Moore, economics director at S&P Global Market Intelligence, said: 'October data signalled another slowdown in output growth across the service sector as heightened business uncertainty and concerns about the general UK economic outlook had an adverse impact on demand conditions. 'With service providers grappling with softer new order growth and less upbeat business activity expectations for the year ahead, the latest survey pointed to a decline in staffing numbers for the first time since December 2023.

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History of this topic

Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news
1 day, 3 hours ago

Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news

Hindustan Times  

LONDON — The Bank of England is set to keep U.K. interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news The nine-member …

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war
2 weeks, 1 day ago

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war

Daily Mail  

Bank of England chiefs today warned of a dual threat from sticky inflation and Donald Trump's trade war. Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures. Meanwhile, Governor Andrew Bailey told the Treasury Select Committee there …

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
2 weeks, 4 days ago

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Associated Press  

FRANKFURT, Germany — Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank - but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth. The February figure for the 20 countries that use …

UK inflation and interest rates 2025 predictions: What it means for your money
3 weeks, 3 days ago

UK inflation and interest rates 2025 predictions: What it means for your money

The Independent  

Hopes of interest rates coming down quickly this year appear to be fading amid rising taxes and economic uncertainty in the UK. Inflation may no longer be at double digits and the cost of living measure even managed to hit the 2 per cent target last year, which prompted interest rate cuts in August and November. He said: “The Bank …

Inflation could hit 4% this year: Would that stop the Bank of England cutting interest rates?
1 month ago

Inflation could hit 4% this year: Would that stop the Bank of England cutting interest rates?

Daily Mail  

Inflation could hit 4 per cent this year if the Bank of England's forecasts only slightly exceed expectations. While inflation is expected to fall back to the 2 per cent target, Bank of England policy makers know all too well that forecasts could be proved wrong. The MPC sets interest rates to try to keep consumer prices inflation at the …

UK inflation spikes to a 10-month high, likely to worry the Bank of England
1 month ago

UK inflation spikes to a 10-month high, likely to worry the Bank of England

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the U.K. rose …

UK inflation spikes to a 10-month high, likely to worry the Bank of England
1 month ago

UK inflation spikes to a 10-month high, likely to worry the Bank of England

Associated Press  

LONDON — Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England. The spike, which took inflation further above the bank’s target of 2%, was largely due to increases in airfares, food casts and private school fees in …

UK mortgage lending growth set to double in 2025 as falling interest rates revive market
1 month ago

UK mortgage lending growth set to double in 2025 as falling interest rates revive market

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. UK mortgage …

UK economy ekes out modest growth in final quarter of 2024 after strong December
1 month, 1 week ago

UK economy ekes out modest growth in final quarter of 2024 after strong December

Associated Press  

LONDON — The British economy managed to eke out quarterly growth of 0.1% in the final quarter of 2024 following a stronger than anticipated performance in December. The quarterly increase followed no growth in the previous three months and may ease some of the pressure on Treasury chief Rachel Reeves, who critics say has been partly responsible for the economic …

Will interest rates keep falling and can the UK dodge recession? This is Money podcast
1 month, 1 week ago

Will interest rates keep falling and can the UK dodge recession? This is Money podcast

Daily Mail  

The Bank of England has delivered another rate cut but big questions remain over what happens next? Forecasters had largely agreed that this year would see another two base rate cuts, but the Bank delivered a pair of verdicts that could push ratesetters down a different path. On this podcast episode, Georgie Frost, Simon Lambert and Helen Crane discuss the …

Inflation and Trump tariffs mean interest rate cuts are a drop in the ocean for UK small businesses
1 month, 1 week ago

Inflation and Trump tariffs mean interest rate cuts are a drop in the ocean for UK small businesses

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chair Martin McTague added that lower borrowing costs could …

Stagflation threat rises as Bank of England downgrades growth to spark fears of economic crisis: Live
1 month, 2 weeks ago

Stagflation threat rises as Bank of England downgrades growth to spark fears of economic crisis: Live

The Independent  

Chancellor Rachel Reeves has said she is ‘not satisfied’ with the UK’s growth rate Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. …

Bank of England interest rate cuts are a much-needed boost for the economy
1 month, 2 weeks ago

Bank of England interest rate cuts are a much-needed boost for the economy

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Ever since the annual inflation rate …

Bank of England policymakers
Trending News
1 month, 2 weeks ago

Bank of England policymakers

Live Mint  

LONDON, Feb 6 - The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary. Here's what Bank of England officials said in a press conference following that decision: BANK OF ENGLAND GOVERNOR ANDREW BAILEY On Inflation and future rate moves: "We expect to …

After disappointing GDP numbers, BoE slashes Britain's interest rates, cuts economic growth forecast
Trending News
1 month, 2 weeks ago

After disappointing GDP numbers, BoE slashes Britain's interest rates, cuts economic growth forecast

Firstpost  

The Bank of England brought down its benchmark interest rate by 25 basis points to 4.5 per cent. Following the announcement of the interest rate cut, BoE also said that it was halving its UK growth estimate for 2025 to 0.75 per cent A man walks up the stairs in from of the Bank of England in London. Britain’s inflation …

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?
Top News
1 month, 2 weeks ago

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?

Daily Mail  

The Bank of England boosted Brits today by cutting interest rates amid fears over the stalling economy. The need to kickstart activity looks to have outweighed fears that Donald Trump's trade tariffs will put upwards pressure on inflation - something Threadneedle Street uses interest rates to counter. The Bank of England in London is pictured yesterday ahead of the base …

Bank of England must cut rates and kickstart UK growth, says ALEX BRUMMER
1 month, 2 weeks ago

Bank of England must cut rates and kickstart UK growth, says ALEX BRUMMER

Daily Mail  

Rachel Reeves is haunted by a darkening economic outlook. Worse outlook: The Bank of England is expected to lower its growth forecast given worsening business conditions There is now loose talk at Westminster of an emergency budget in March amid uncertainty in government about a trade deal with Donald Trump. The Bank is expected to lower its growth forecast given …

Relief for Brits with Bank of England set to cut interest rates TODAY to boost Labour's stalling economy - despite fears Trump trade war will fuel inflation
Trending News
1 month, 2 weeks ago

Relief for Brits with Bank of England set to cut interest rates TODAY to boost Labour's stalling economy - despite fears Trump trade war will fuel inflation

Daily Mail  

The Bank of England is poised to offer Brits some relief and boost the stalling economy today with a cut to interest rates. The need to kickstart activity looks set to outweigh fears that Donald Trump's trade tariffs will put upwards pressure on inflation - something Threadneedle Street uses interest rates to counter. The base rate rose as high as …

Bank of England halves UK growth projection and cuts main interest rate to 4.50%
1 month, 2 weeks ago

Bank of England halves UK growth projection and cuts main interest rate to 4.50%

Associated Press  

LONDON — The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months. In a statement, the bank’s nine-member Monetary Policy Committee lowered its main interest rate by a quarter of a percentage point to 4.50%, taking it to its lowest level …

Bank of England expected to cut key UK interest rate to 4.50%
1 month, 2 weeks ago

Bank of England expected to cut key UK interest rate to 4.50%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is …

Bank of England expected to resume interest rate cuts
Trending News
1 month, 2 weeks ago

Bank of England expected to resume interest rate cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior economists at the Bank of England will announce …

Bank of England could cut interest rates four times as Donald Trump's tariffs bite
1 month, 2 weeks ago

Bank of England could cut interest rates four times as Donald Trump's tariffs bite

Daily Mail  

The Bank of England could cut interest rates more aggressively as Donald Trump’s tariff policies fuel fears of a global downturn. Rate-setters are all but certain to announce a cut from 4.75 per cent to 4.5 per cent at the next Monetary Policy Committee meeting on Thursday. The President warned that the European Union could be next in the firing …

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts
1 month, 2 weeks ago

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior economists at the Bank of England will meet …

Inflation fall sparks hopes for a rate cut
1 month, 3 weeks ago

Inflation fall sparks hopes for a rate cut

ABC  

Welcome to The World Today. Andy Park: So the question that really matters is how will the Reserve Bank likely view these figures ahead of next month's interest rates decision? Andy Park: Two of Victoria's national parks remain closed as fire crews continue to bring several large bushfires under control in Victoria's west. Kathleen O'Connor: Fire crews have spent the …

Rate cut chances increase after inflation slows in final quarter of 2024
1 month, 3 weeks ago

Rate cut chances increase after inflation slows in final quarter of 2024

ABC  

The odds of an interest rate cut next month have increased, with official figures showing the Reserve Bank of Australia's preferred measure of inflation fell to 3.2 per cent over the year to December. The more volatile headline inflation figure came in at 0.2 per cent for the December quarter and 2.4 per cent for the year, down from a …

UK Market Turbulence Pushes Mortgage Costs to Five-Month High
2 months ago

UK Market Turbulence Pushes Mortgage Costs to Five-Month High

Live Mint  

The cost of the UK’s most popular mortgages have risen to their highest level since August as the turbulence that’s gripped the government debt market feeds through into the cost of borrowing for home buyers. UK government borrowing costs had been climbing steadily in the aftermath of the government’s tax-hiking budget and anemic growth forecasts, as well as marketwide pressure …

The drop in inflation is good for your mortgage – but don’t celebrate just yet
2 months ago

The drop in inflation is good for your mortgage – but don’t celebrate just yet

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Milder inflation has brought hope that the Bank of …

Relief in the City: the new inflation rate means the BoE could cut rates as soon as next month
Trending News
2 months ago

Relief in the City: the new inflation rate means the BoE could cut rates as soon as next month

The Independent  

Luck has not been with Rachel Reeves. Prices rose by 2.5 per cent in the year to December, above the Bank of England’s 2 per cent target for the Consumer Prices Index but a shade lower than the previous month’s result – and certainly below the expectations of most economists. Better still was the surprisingly sharp fall in the rate …

UK inflation unexpectedly drops in December, easing pressure in bond markets
2 months ago

UK inflation unexpectedly drops in December, easing pressure in bond markets

Associated Press  

LONDON — Inflation in the U.K. unexpectedly fell in December, a move that has bolstered expectations that the Bank of England will cut interest rates again next month and relieved some pressure on the U.K. government following the recent turbulence in financial markets. However, the bank sets interest rates on what it expects inflation to be in the coming year …

A sharp rise in a single economic indicator could be curtains for the chancellor
2 months, 1 week ago

A sharp rise in a single economic indicator could be curtains for the chancellor

The Independent  

Could Wednesday’s inflation data be the end of the chancellor? Chancellor Rachel Reeves’s tax, spending and especially borrowing plans are coming under increasing threat from the sharp rise in borrowing costs, caused by a severe bout of distemper on the bond markets that Britain relies on to fund its debt, and thus keep the show on the road. But a …

Mortgage pain to stay as government borrowing costs hit 27-year high
2 months, 1 week ago

Mortgage pain to stay as government borrowing costs hit 27-year high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Homeowners are braced to pay …

Falling core inflation raises odds of RBA trimming interest rates in February
2 months, 1 week ago

Falling core inflation raises odds of RBA trimming interest rates in February

ABC  

A fall in the Reserve Bank's preferred measure of consumer price rises has increased the odds of an interest rate cut in February, despite an increase in headline inflation. AMP's deputy chief economist Diana Mousina believes the RBA will probably cut interest rates if the annual core inflation rate in the December quarter numbers, due towards the end of this …

Analysis: What does the Bank of England’s interest rate decision mean for mortgages?
3 months ago

Analysis: What does the Bank of England’s interest rate decision mean for mortgages?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England held …

As the Bank of England holds interest rates, should we fear ‘stagflation’?
Trending News
3 months ago

As the Bank of England holds interest rates, should we fear ‘stagflation’?

The Independent  

Should “stagflation” be our word of the day? Concern about the other problems might explain why the Bank of England’s committee voted the way it in deciding to hold rates even when other central banks have been cutting. The doves this time were concerned about Britain’s “weakening labour market” – although it would have to weaken a lot for Britain …

Bank of England holds interest rates at 4.75% but says UK economy stagnating
3 months ago

Bank of England holds interest rates at 4.75% but says UK economy stagnating

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates have been …

UK interest rates held at 4.75% amid ‘heightened economic uncertainty’
3 months ago

UK interest rates held at 4.75% amid ‘heightened economic uncertainty’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England has …

Bank of England HOLDS interest rates despite UK economy stalling after Labour's Budget raid - with fears over resurgent inflation
Trending News
3 months ago

Bank of England HOLDS interest rates despite UK economy stalling after Labour's Budget raid - with fears over resurgent inflation

Daily Mail  

The Bank of England kept interest rates on hold today despite mounting alarm at the stalling economy. Interest rates, which influence how much banks charge for loans and mortgages, are used as a tool by the central bank to keep inflation at its 2 per cent target level. Most economists had thought the latest data, and the prospect of price …

Bank of England set to keep UK interest rates on hold despite paltry economic growth
3 months ago

Bank of England set to keep UK interest rates on hold despite paltry economic growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.K.'s central bank is …

Bank of England warns of ‘heightened uncertainty’ as it keeps interest rates on hold
3 months ago

Bank of England warns of ‘heightened uncertainty’ as it keeps interest rates on hold

Associated Press  

LONDON — The U.K.’s central bank warned Thursday of “heightened uncertainty” as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best. The Bank of England’s nine-member Monetary Policy Committee kept its main interest rate unchanged at 4.75% with new data showing inflation rising to 2.6%, …

Interest rates live updates: Bank of England verdict due after surprise inflation rise
Top News
3 months ago

Interest rates live updates: Bank of England verdict due after surprise inflation rise

The Independent  

Chancellor of the exchequer Rachel Reeves said the figures are a ‘reminder that for too long the economy has not worked for working people For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN …

Bank of England set to keep interest rates on hold TODAY despite UK economy stalling after Labour's Budget raid - with fears over resurgent inflation
Top News
3 months ago

Bank of England set to keep interest rates on hold TODAY despite UK economy stalling after Labour's Budget raid - with fears over resurgent inflation

Daily Mail  

The Bank of England is set to keep interest rates on hold today despite mounting alarm at the stalling economy. Interest rates, which influence how much banks charge for loans and mortgages, are used as a tool by the central bank to keep inflation at its 2 per cent target level. Rob Wood, chief UK economist for Pantheon Macroeconomics, said: …

UK interest rates set to be held at 4.75% after inflation rises again
3 months ago

UK interest rates set to be held at 4.75% after inflation rises again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates are expected …

UK interest rate cut 'unlikely in short term'
3 months ago

UK interest rate cut 'unlikely in short term'

China Daily  

A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. Interest rates in the United Kingdom may come down more slowly than expected next year after the latest inflation figures were released, showing that the rate went up for the second month in a row in November, at the fastest pace since March. …

Feds drop interest rates by another quarter-point easing burden for borrowers
Trending News
3 months ago

Feds drop interest rates by another quarter-point easing burden for borrowers

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. This year's Fed rate reductions have marked a …

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year
3 months ago

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year

Daily Mail  

America’s central bank last night slashed interest rates for the third time this year but signalled that further cuts in 2025 will be slower than previously thought. The pre-Christmas boost for borrowers in the world’s biggest economy took rates down to a range of 4.25 to 4.5 per cent, a full percentage point lower than where they were in September. …

Inflation rates live: Bank of England expected to hold interest rates at 4.75 per cent
Top News
3 months ago

Inflation rates live: Bank of England expected to hold interest rates at 4.75 per cent

The Independent  

Chancellor of the exchequer Rachel Reeves said the figures are a ‘reminder that for too long the economy has not worked for working people For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN …

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears
3 months ago

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The faster price gains for consumer goods like food …

What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?
3 months ago

What does rising inflation mean for you - and has it killed off a Bank of England interest rate cut?

Daily Mail  

Inflation in the UK climbed to 2.6 per cent in November, it was revealed today, as the rise in the cost of living accelerated again. James Smith, developed markets economist, UK, at ING, said: 'Our base case is for back-to-back to rate cuts from February onwards, with Bank Rate falling to 3.25 per cent later in the year. While services …

U.K. Inflation rises further above Bank of England's target in November
3 months ago

U.K. Inflation rises further above Bank of England's target in November

The Hindu  

Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month, official figures showed on Wednesday. Rate-setters had anticipated a pick-up in inflation when the central bank last cut rates in early November as price pressures eased earlier in the year — in September, inflation had fallen to its lowest …

UK inflation increase solidifies expectations interest rates will be kept on hold
3 months ago

UK inflation increase solidifies expectations interest rates will be kept on hold

Associated Press  

LONDON — Inflation in the U.K. rose to its highest level in eight months during November, official figures showed Wednesday, a development that has cemented market expectations that the Bank of England will opt against cutting borrowing costs this week. It said stubbornly high inflation in the crucial services sector, which accounts for around 80% of the U.K. economy, and …

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