prompting a historic one-day downward slide of 15% for the Cable. "On one desperate day - Wednesday 16th September, the UK government increased interest rates to 15%. In theory, these high ...

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The Bank of England has cut interest rates to 4.5 per cent ... of underlying inflation show we are back to historical averages. "By keeping rates high the Bank has been perhaps understandably ...

(Reuters) - The British public's expectations for inflation in the long run rose in February to their highest level in more ...

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Why does putting up interest rates help to lower inflation? When inflation was well above its 2% target, the Bank of England increased interest rates to 5.25%, a 16-year high. The idea is that if ...

The Bank of England has cut interest rates from 4.75% to 4.5%, their lowest level for 18 months. It is the third cut since August 2024, but the Bank said it will take a "gradual and careful ...

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British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental costs as demand outstrips supply, a Reuters poll found.