The longer uncertainty over tariffs persists, the more it will damp economic activity, the central bank governor said.
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...
If tariffs are announced, their effect on the global economy and inflation would need to be looked at, he told CNBC’s Steve Sedgwick.
The Bank of England on Thursday halved its forecast for UK economic growth this year, blaming global risks amid US tariff ...
The Bank of England's (BoE) cautious strategy in addressing the UK's economic slowdown could pave the way for a long period ...
The Bank of England cut interest rates by a quarter percentage point on Thursday as the UK economic outlook darkens, ...
The Bank of England put a dovish twist to an expected rate cut, sending the British pound and bond yields lower. The central ...
The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, ...
Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".
The central bank responded to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats.