In a speech delivered in Leeds, Mann explained that the persistence of "embedded inflationary behaviours" had diminished due ...

The UK rate of inflation reached 3% in January, from 2.5% in December, higher than forecasts and with the Bank of England ...

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.

As decided by the US Federal Reserve, the Bank of England Monetary Policy Committee, (MPC) at its meeting ending on 20 March 2024, voted by a majority of 8–1 to maintain Bank Rate at 5.25%.

Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in ...

The Bank of England's Monetary Policy Committee has posted a 78-page report outlining its musings on the future for inflation ...

Bank of England Chief Economist Huw Pill pushed back against colleagues voting for a large interest rate cut, arguing that ...

In a blow to Chancellor of the Exchequer Rachel Reeves, the BOE warned that inflation will rise “quite sharply” to peak at ...

The Bank of England announced today (February 6) that it was reducing its policy rate by 25 basis points to 4.5%. The monetary policy committee (MPC) reached the decision by seven votes to two at its ...

The Bank of England has cut interest rates for the third time since the inflation crisis, taking the base rate to 4.5 per ...

The nine-member Monetary Policy Committee lowered the bank’s benchmark rate by a quarter point to 4.5 per cent. Read more at ...

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...