Bank of England's Bailey warns against risks from economic nationalism
Bank of England Governor Andrew Bailey called for the world's financial powers, led by the United States and China, to avoid economic nationalism in a speech released three days before Donald Trump is due to be sworn in as U.
Traders bet on more Bank of England rate cuts in 2025 after data shocks
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.
Bank of England to cut interest rates four times this year - Reuters poll
The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.
Former Bank of England governor Mark Carney enters race to be Canada’s next prime minister
Mark Carney, the 'unreliable boyfriend' who ran UK's central bank
Former Bank of Canada Governor Carney Enters Race to Replace Trudeau
Run of bad economic data brings end to market turbulence and interest rate benefits as three Bank cuts expected for 2025
There's good news for Chancellor Rachel Reeves in response to bad signs for economic growth - the market turbulence that piled pressure on her stewardship of the economy has reversed.
Employment, not prices, will shape Bank of England rates as tax rises bite
The good news is not expected to last as inflation creeps up in the coming months as the rise in employer’s national insurance contributions arrives in April, higher VAT on school fees kicks in and road taxes rise. Add to that rising oil prices that could translate into higher costs for homes, transport and related services.
Bank of England interest rates forecast could mean huge boost for millions
The fall in the headline rate of inflation from 2.6 percent to 2.5 percent was unexpected and positive news for the Chancellor Rachel Reeves.
Bank of England should cut interest rates pre-emptively, says commitee member
Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut
Slash rates six times in 2025 to avoid recession, says Bank of England official after drop in inflation
Inflation worries eased on both sides of the Atlantic, boosting markets and providing respite to beleaguered Chancellor Rachel Reeves (pictured).
Bank of England interest rates warning issued over need for multiple cuts
Alan Taylor, an external member of the Bank's Monetary Policy Committee (MPC), said a series of radical cuts could be on the agenda
Bank of England urged to cut interest rates 'pre-emptively' as February decision 'certain'
Alan Taylor, a member of the Bank's monetary policy committee, said the UK is 'in the last half mile on inflation'
You can still get 5% on your savings, but there's a catch
Despite falling savings rates, you can still find accounts offering more than 5% AER. But you'll need to be patient if you want to make a withdrawal. That's because the best rates on the market are currently offered by notice savings accounts that require savers to give providers a heads-up before taking any money out.