Bank of England policymakers are set to spar on whether to hold or cut interest rates as City analysts are expecting a ...

The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.

Bank of England cuts interest rates: Here's what it means for your money By Holly Ellyatt, CNBC • Published May 8, 2025 • Updated on May 20, 2025 at 9:40 am ...

Photo: toby melville/Reuters The Bank of England will continue to cut interest rates but global economic uncertainty makes it tough to say how far and how fast, top central banker Andrew Bailey said.

The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years.

Bank Rate has been at a 16-year high of 5.25% since last August. The BoE was one of the first central banks to start raising borrowing costs after the COVID-19 pandemic and, like its peers, is now ...

LONDON, Dec 11 (Reuters) - The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the United States.