Bank of England cuts rates but sees higher inflation after Reeves' budget
LONDON, Nov 7 (Reuters) - The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.
Bank of England cuts interest rates to 4.75% – but mortgages still set to rise
Interest rates have been cut for the second time this year, by a quarter of a percentage poi, but mortgage rates are still set to rise in a blow to homeowners. The Bank of England reduced the base rate from 5 per cent to 4.75 per cent on Thursday, following a 0.25 percentage-point cut in August, which was the first drop in four years.
3d
LONDON — The Bank of England is widely expected to cut interest rates Thursday, when policymakers deliver their first monetary policy decision following Labour's bumper budget announcement last week.
Huw Pill said the outlook for interest rate cuts depended on there being ‘no big new disturbances to the economy’.
BoE says the higher bus fare cap and adding VAT to private school fees will push up UK inflation. 20:17 Q: ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback