Official figures show unemployment was above 5% in the three months to October, while private sector pay growth slowed to 3.9 ...

INTEREST rates will reportedly be cut to the lowest level in three years as Britain battles against an unemployment crisis.

Rolling coverage of the latest economic and financial news, as Bank of England governor Andrew Bailey switches vote – allowing rate cut today ...

The Bank of England has cut interest rates from 4% to 3.75%, the lowest level since February 2023. Analysts are divided about whether further cuts will follow in 2026. Interest rates affect mortgage, ...

The Bank of Korea will hold its first Monetary Policy Committee meeting of the new year on the 15th to decide on the base ...

Major banks are lowering their savings interest rates in response to the Bank of England lowering the base rate.

The Bank of Korea, after holding a Monetary Policy Committee meeting on the 15th and deciding to maintain the base rate at 2.50%, omitted any mention of a "base rate cut" in its monetary policy ...