Interest rates likely to stay high for longer, says Bank, despite warnings the economy is slowing down.
Rolling coverage of the latest economic and financial news, as the UK's central bank sets interest rates.
The BoE expects economic growth to be 'broadly flat' through 2024.
Since the Bank of England's last economic projections, inflation has weakened, economic activity has softened and the labor market has shown signs of ...
Central bank warns that restrictive policy will have to remain for 'extended period' despite bleak economic outlook.
The base rate is used by the central bank to charge other banks and lenders when they borrow money โ and so it influences what borrowers pay and what savers ...
Higher for longer interest rates will bring growth to a near standstill until the end of 2025, new forecasts from the Bank of England show.
The Bank of England has held the base interest rate at 5.25% · The Bank's Governor Andrew Bailey says rates "will have to remain where they are now for an ...
The Bank has also released the quarterly monetary policy report (MPR) with forecasts for inflation and economic growth. In the report, the bank says: "We expect ...
With a weak economic outlook and shrinking inflation the Bank risks leaving rates too high for too long.
The Bank of England downgraded its forecasts for UK economic growth Thursday and kept interest rates unchanged, even as it warned that the Israel-Hamas war ...