Bank of England interest rate cuts and how you may be affected amid inflation change
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UK inflation unexpectedly eases in December, which could reduce bond markets pressure
Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month
Bank of England: Goldman Sachs expects deep interest rate cuts
Markets are significantly underestimating the chance that the Bank of England will have to step up the pace of cutting interest rates, Goldman Sachs has argued. Traders anticipate just two interest rate cuts this year with one more cut priced in for 2026,
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Latest data from the Office for National Statistics ( ONS) showed regular earnings up 5.6% in the quarter, up from, 5.2% in the previous three months. In real terms, after taking inflation into account, that means regular pay growth rose 2.5%, the highest rate since the summer of 2001.
Warnings of 3% inflation throw Bank of England calculations in the air
The Bank of England's Monetary Policy Committee (MPC) uses interest rates to put a brake on the nation's spending.
Bank of England to cut interest rates four times this year - Reuters poll
The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.
Pay after inflation rises at fastest rate since 2021
Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.
February Bank of England rate cut a 'sure bet' as growth stumbles and inflation falls
The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.
Bank of England should cut interest rates pre-emptively, says commitee member
Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut
London Evening Standard7d
Inflation rate dipped to 2.5% in December
However, it means the Consumer Prices Index (CPI) - the main measure of inflation - remains stubbornly above the Bank of England’s target of 2%. The Office for National Statistics (ONS ...
Bank of England's Taylor says it's time to cut interest rates
The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain's economy, Alan Taylor, the BoE's most recently appointed interest rate setter, said on Wednesday.
The drop in inflation is good for your mortgage – but don’t celebrate just yet
Analysis: Milder inflation has brought hope that the Bank of England may lower interest rates, saving borrowers vast sums on loans and mortgages