Inflation surged at its fastest pace in 10 months in January, dealing a setback to expectations of a Bank of England interest rate cut in March.
Bank of England plans another rate cut in May
Following policymakers’ recent decision to reduce borrowing costs, several major City banks predict that the Bank of England will slash interest rates again in May.
The Bank of England reduces interest rates and signals that further cuts might be forthcoming.
The Bank of England has lowered UK interest rates to 4.5%, marking the lowest level since June 2023.
The FTSE 100 reached a record high in London as traders speculated on BOE interest rate cut.
The FTSE 100 has climbed to a record high amid expectations that the Bank of England will slash interest rates today.
The Bank of England is anticipated to reduce interest rates.
The Bank of England is predicted to lower interest rates to their lowest point in over 18 months as weak economic growth and declining inflation prompt action.
FTSE ends the day higher as traders anticipate a potential of Bank of England rate cut.
The FTSE 100 rebounded today after suffering losses for two consecutive sessions. Gains in shares of pharmaceutical giant GSK and gold mining companies helped lift the market, even as investors
UK Issues £4.25 Billion in Five-Year Bonds in Largest Auction in a Decade
The United Kingdom has successfully sold £4.25 billion worth of five-year bonds, marking the biggest bond auction in ten years. This significant issuance reflects strong investor demand and confidence in
UK long-term borrowing costs have climbed to their highest levels since 1998.
Long-term government borrowing costs in the UK have surged to their highest levels since 1998, presenting a significant challenge for Chancellor Rachel Reeves as interest rate reductions are expected to
Traders Anticipate Only Two Interest Rate Cuts by Bank of England in 2025
Traders are forecasting that the Bank of England (BoE) will implement just two interest rate cuts next year, following an expected rise in inflation to 2.6%.
Bank of England official claims interest rates are excessively high.
A Bank of England official has cautioned that British households are “paying the price” of high borrowing costs, which are damaging living standards and the broader economy.
Bank of England expected to make two more rate cuts this year
The Institute of Economic Affairs, a right-leaning think tank, has called on the Bank of England to accelerate the pace of interest rate cuts, suggesting that potential tax hikes in
Bank of England official challenges Bailey on interest rate cuts
The pound has strengthened after the Bank of England’s chief economist, Huw Pill, appeared to contradict Governor Andrew Bailey’s suggestion that policymakers might take a more “aggressive” approach to cutting