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Bank of England cuts interest rate

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 future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.

The New York Times · 2d

Bank of England Cuts Interest Rates, but Signals Stickier Inflation

The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.

The Associated Press - Busines… · 2d

Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls

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%.

1don MSN

Bank of England chief economist cautions over global economic ‘disturbances’

Huw Pill said the outlook for interest rate cuts depended on there being ‘no big new disturbances to the economy’.

2don MSN

Federal Reserve follows Bank of England with interest rate cut, with ‘uncertain’ economic outlook – business live

BoE says the higher bus fare cap and adding VAT to private school fees will push up UK inflation. 20:17 Q: ...

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