The Latest Breaking News from Interest Rates

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

Incremental cuts likely over two to three years with rates expected to stay well above pre-Covid levels of 0.75%

Bank of England cuts interest rates to 5% to address economic slowdown and lower inflation, impacting housing market and inflation risks.

City Voices: The MPC needs to be much bolder

Committee votes by five votes to four in favour of cut as governor says inflationary pressures have eased enough

UK interest rates have been cut for the first time in more than four years, releasing some pressure on borrowers as the Bank of England was…

The benchmark lending rate comes down from 5.25% to 5% bringing relief to millions of borrowers

The Bank of England has dropped the interest rate by 0.25%, as some of the main lenders rush to offer lower mortgage rates

Japan’s index has plunged, as the U.S. dollar sank against the yen, and regional investors digested the rally on Wall Street that came on hopes U.S. cuts to interest rates will be arriving soon

City economists predict further cut in November, after first reduction in UK interest rates since 2020, as Bank lifts its growth forecast for this year

The Federal Reserve left interest rates unchanged but signaled it could pivot to lowering borrowing costs sooner rather than later.