Interest rates cut for 2nd time this year by Bank of England

Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.
Bank of England cuts rates but sees higher inflation after Reeves's budget
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 as it predicted the British government's first budget would lead to higher inflation and economic growth.
Bank of England cuts UK interest rates again despite modest budget-related inflation spike
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%
Bank of England cuts interest rates to 4.75%
The Bank of England reduced interest rates by 25 basis points (bps) to 4.75 per cent, saying UK inflation is now close to the 2 per cent target. It marks the apex bank’s second such reduction in 2024, after it began its easing cycle in August.
Bank Of England Cuts Interest Rate As Inflation Slows
The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers.
Why has the Bank of England cut the interest rate and what does it mean for mortgages and inflation?
Why has the Bank of England cut the interest rate and what does it mean for mortgages and inflation? - A lowering of the base rate to 5% suggests mortgage costs have peaked and inflation is coming und
Barclays says Bank of England to hold rates in December meeting
Barclays expects the Bank of England to hold interest rates at its December meeting, revising its prior forecast of a cut, citing the central bank's cautious tone that emphasized uncertainty and gradual policy moves.
Bank of England cuts interest rates to 4.75% as UK inflation falls below target
Bank of England's interest rate cut to 4.75% aims to counter low UK inflation at 1.7%, below the 2% target amid fiscal policy shifts.
Bank of England's Strategic Interest Rate Cut Amid Budget Adjustments
The Bank of England has reduced interest rates for the second time since 2020, signaling a gradual approach to future cuts. The recent budget is expected to boost GDP, although higher taxes will impact growth.
Fed cuts interest rates for second time this year against election backdrop
The Federal Reserve cut interest rates by a quarter percentage point on Thursday, its second consecutive reduction in the cost of borrowing. Why it matters: The Fed is gradually loosening its grip on the economy as inflation cools and the job market holds steady,
Federal Reserve cuts interest rates for the second time this year
The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor market remain resilient.
Bank of England cuts rates, sees gradual reductions ahead as Labour budget boosts inflation forecast
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.
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 ...
UK interest rates cut to 4.75%, as Bank of England warns budget will add to inflation – business live
BoE says the higher bus fare cap and adding VAT to private school fees will push up UK inflation.   20:04 Q: Did ...