Rolling coverage of the latest economic and financial news, as the UK's central bank sets interest rates.
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 ...
The Bank of England has held the base rate at 5.25 per cent for the second time in a row, as forecast by industry experts. Industry insiders have heralded ...
The Bank of England left interest rates unchanged at 5.25%, its highest level in 15 years. The bank's monetary policy committee (MPC) made the announcement ...
The Bank of England signals that cuts to borrowing costs are a long way off despite a gloomy forecast that will see the economy fail to grow for more than a ...
Interest rates left unchanged at 5.25% as Bank signals 50-50 chance of recession by mid-2024.