UK interest rate decision on a knife-edge

Bank of England Announces 1st Interest Rate Cut Since March 2020

The Bank of England (BoE) has announced the first interest rate cut in more than four years, a decision that was prompted by easing inflationary pressures. The outcome of the Monetary Policy Committee (MPC) meeting on Thursday saw interest rates slashed from 5.25 to 5 percent. Five MPC members felt that a reduction 0.25 percentage points was appropriate, while four members preferred the rate to remain unchanged. This is the first drop since Marc…

What Bank of England interest rate cut means for spending, savings and mortgages

How the decision to slash interest rates will affect your household budget including spending, savings and mortages

Bank of England makes first interest rate cut since pandemic in nail-bitingly close vote

The “finely balanced” 5-4 vote signals the Bank's ongoing caution to further reductions, with no guidance given on where interest rates may settle.

Bank of England FINALLY cuts rates to 5%

The Bank of England has finally cut the base rate after maintaining interest rates at 5.25% for the past year.

Bank of England cuts interest rates for first time in over four years: Live updates

The central bank's decision was viewed by markets as being on a knife-edge despite inflation reaching target.

BoE's Bailey says rate cuts in play, FT reports

Bank of England Governor Andrew Bailey said expectations of interest rate cuts this year were not "unreasonable" and he struck an optimistic tone about the UK economy, the Financial Times reported on Friday.