The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
The central bank responded to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats.
Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".
The Bank of England lowered its key interest rate by a quarter-point as widely expected on Thursday but two policymakers sought a ...
Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.
Consumers need “careful financial planning in the months ahead” after the Bank of England cut interest rates on Thursday, ...