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Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.
BoE sees inflation peaking at 4%, twice its target Read more at straitstimes.com. Read more at straitstimes.com.
The Bank of England's governor has warned that rising food prices could push up inflation to 4 per cent, after another cut to interest rates.The Monetary Policy Committee voted 5-4 for a drop of 0.25 ...
The Bank of England has cut its main interest rate by a quarter percentage point to 4%, as policy makers seek to bolster the ...
Nationwide is lowering its standard mortgage rate (SMR) by up to 0.25% following the base rate cut earlier today.
Why have they been cut and what does it mean? - Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.