Bank of England expected to keep main interest rate at 16-year high of 5.25% despite inflation fall
9 months ago

Bank of England expected to keep main interest rate at 16-year high of 5.25% despite inflation fall

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 Any hopes the governing Conservative Party may have of the Bank of England cutting its main interest rate from a 16-year high of 5.25% Thursday are expected to be dashed — even though inflation in the U.K. has fallen to its target rate for the first time in nearly three years. Despite the welcome decline, some policymakers on the bank's Monetary Policy Committee appear to be still concerned over the scale of price increases in the crucial services sector and the pace of wage increases, which raise the risks of an inflation rebound if interest rates are cut too soon. “That is why an interest rate cut tomorrow is still very unlikely,” said Luke Bartholomew, deputy chief economist at asset management firm abrdn, formerly Aberdeen Asset Management.

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Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news
Trending News
6 days, 5 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 …

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Trending News
6 days, 5 hours ago

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

Associated Press  

LONDON — The Bank of England kept its main U.K. interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The decision by the nine-member Monetary Policy Committee was widely expected, and comes a day …

Bank of England Poised to Take a Hawkish Tilt: Decision Guide
6 days, 11 hours ago

Bank of England Poised to Take a Hawkish Tilt: Decision Guide

Live Mint  

-- The Bank of England is likely to turn less dovish on Thursday as officials start to fret about the fallout from Donald Trump’s tariff wars and a renewed bout of domestic inflation. Rate-setters added “careful” to the language to reflect the uncertainty created by Trump’s aggressive trade policies, which threaten both slower growth and higher inflation. Bailey has said …

Mint Quick Edit | Inflation: In RBI’s control at last?
1 week, 6 days ago

Mint Quick Edit | Inflation: In RBI’s control at last?

Live Mint  

In January 2025, inflation was almost 4.3%. Policymakers at RBI would be heaving a sigh of relief, as the drop seems to validate their decision to cut interest rates last month in anticipation of a price cool-off. With concerns of economic growth having mounted, RBI’s next decision due in April could confirm a pivot away from inflation control to a …

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, 6 days 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
3 weeks, 2 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
1 month 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 …

Now we'll all pay for Rachel Reeves' private school tax: Labour's VAT raid on private schools helps send inflation soaring to a ten-month high
1 month ago

Now we'll all pay for Rachel Reeves' private school tax: Labour's VAT raid on private schools helps send inflation soaring to a ten-month high

Daily Mail  

Labour’s tax raid on private schools has helped send inflation soaring to a ten-month high. Chancellor Rachel Reeves was accused of being ‘out of her depth’ as official figures yesterday showed inflation hit 3 per cent in January – a much bigger increase from December than predicted. Chancellor Rachel Reeves was accused of being ‘out of her depth’ as official …

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump
1 month ago

Sub-4% mortgage rates ‘may be first to go’ following unexpected inflation jump

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. With inflation …

UK inflation spikes to a 10-month high, likely to worry the Bank of England
1 month, 1 week 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, 1 week 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, 1 week 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, 2 weeks 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, 2 weeks 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, 3 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, 3 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 …

Warning is issued as major change to millions of bank accounts takes effect today
1 month, 3 weeks ago

Warning is issued as major change to millions of bank accounts takes effect today

Daily Mail  

Customers have been warned of a major change affecting millions of bank accounts which takes effect today. Nationwide, the country's largest building society, has announced it is cutting interest rates on almost 90 savings accounts from Saturday. Holders of a total of 89 variable-rate easy and instant access savings accounts will see their interest rates drop by between 0.1 per …

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, 1 week 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, 1 week 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, 1 week 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 …

Unexpected respite for Starmer as UK inflation slows against predictions by economists
Trending News
2 months, 1 week ago

Unexpected respite for Starmer as UK inflation slows against predictions by economists

Firstpost  

The annual rate of inflation edged down to 2.5% in December from 2.6% in November, the Office for National Statistics said British inflation slowed unexpectedly last month and core measures of price growth - tracked by the Bank of England - fell more sharply, according to official data that will be welcomed by finance minister Rachel Reeves after a market …

Boost for Reeves as inflation falls after No 10 refuses to rule out emergency budget: Live
Trending News
2 months, 1 week ago

Boost for Reeves as inflation falls after No 10 refuses to rule out emergency budget: Live

The Independent  

✕ Close Starmer vows to work with Musk on AI growth after billionaire's criticism of government Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The …

UK inflation unexpectedly drops in December, easing pressure in bond markets
2 months, 1 week 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 …

December inflation set to stay at 2.6% in ‘reprieve’ for UK economy
2 months, 1 week ago

December inflation set to stay at 2.6% in ‘reprieve’ for UK economy

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 inflation is set to …

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, 2 weeks 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 …

Good news millions of Aussies with a mortgage have been waiting to hear for years
2 months, 2 weeks ago

Good news millions of Aussies with a mortgage have been waiting to hear for years

Daily Mail  

Economic analysts and bank bosses have forecast an interest rate cut in the next three months, in welcome news for those struggling with mortgage repayments. Westpac chief economist Luci Ellis told Daily Mail Australia on Tuesday that the Reserve Bank could cut rates soon. Economic analysts and bank bosses have revealed an interest rate cut is on the horizon in …

UK economy faces threat of ‘stagflation’ after bumpy 2024
2 months, 3 weeks ago

UK economy faces threat of ‘stagflation’ after bumpy 2024

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. With the economy stalling, the watchword for 2025 is …

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners
3 months ago

RBA chief's major hint that there could soon be some VERY good news ahead for home-owners

Daily Mail  

The Reserve Bank has given a strong hint borrowers are getting some interest rate cuts in 2025 even though inflation is still too high. The Reserve Bank has given a strong hint interest rate cuts are coming even though inflation is still too high While headline inflation is at a three-year low of 2.8 per cent, the RBA regarded 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 …

England, Japan hold interest rates steady even as US, Europe cut back: What explains the differences?
3 months ago

England, Japan hold interest rates steady even as US, Europe cut back: What explains the differences?

Firstpost  

After aggressive rate hikes in 2022 and early 2023 to combat surging inflation fueled by energy and food costs, central banks are increasingly turning their attention to rate cuts to support growth Several central banks the world over have announced interest rate decisions in the past two weeks. Bank of England holds steady amid rising UK inflation The Bank of …

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 …

Base rate hold is ‘not the early Christmas present that many would have wanted’
3 months ago

Base rate hold is ‘not the early Christmas present that many would have wanted’

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. As we …

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, 1 week 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 …

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