Economy News Bank Of England Holds Rates As Switzerland Is First Rich Economy To Cut

Divided Bank of England holds key interest rate at 4% despite hopes inflation has peaked

The Bank of England has kept its main interest rate unchanged at 4% as inflation in the U.K. remains markedly above target and policymakers await this month’s budget from the U.K. government, which ... Read More

U.K. Inflation Falls, Likely Cementing Bank of England December Rate Cut

Inflation declined in October for the first time since May, strengthening expectations that the Bank of England will cut its key rate next month. Read More

Bank of England Holds Rates in Knife-Edge Vote That Hints at December Cut

LONDON (Reuters) -The Bank of England kept borrowing costs on hold on Thursday, but a narrow vote and signs that Governor Andrew Bailey might soon join those seeking a rate cut boosted the prospect of ... Read More

Bank of England To Hold Rates Despite Better Inflation News

The Bank looks likely to keep rates on hold on 6 November, despite better inflation and wage news. The committee is deeply divided, and we don't expect clear signals on the Bank's next steps. But ... Read More

Divided Bank of England holds key interest rate at 4% despite hopes inflation has peaked

The Bank of England appeared deeply divided Thursday as it kept its main interest rate unchanged at 4%, with a wafer-thin majority of policymakers needing more information on how swiftly inflation ... Read More

Divided Bank of England holds key interest rate at 4% despite hopes inflation has peaked

LONDON (AP) — The Bank of England kept its main interest rate unchanged at 4% on Thursday with policymakers indicating that they need more information on how swiftly inflation will fall back towards ... Read More