The Latest Breaking News from The Bank of England

Savers are told to look beyond the more familiar big banks

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

Bank of England's rate cut aims to boost economy amid Brexit uncertainties. Lower rates may impact inflation.

Bank of England cuts interest rates to 5% to address economic slowdown and lower inflation, impacting housing market and inflation risks.

City Voices: The MPC needs to be much bolder

UK interest rates have been cut for the first time in more than four years, releasing some pressure on borrowers as the Bank of England was…

The benchmark lending rate comes down from 5.25% to 5% bringing relief to millions of borrowers

The Bank of England has dropped the interest rate by 0.25%, as some of the main lenders rush to offer lower mortgage rates

City economists predict further cut in November, after first reduction in UK interest rates since 2020, as Bank lifts its growth forecast for this year

Borrowing costs in the U.K. could be cut later for the first time since the onset of the coronavirus pandemic more than four years ago, though economists stressed that the decision is likely to be a close call

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.