Bank of England cuts interest rate for the first time in four years ...
WEBAug 1, 2024 · The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16...
Bank of England lowers its main interest rate by 0.25%, to 5%, its ...
WEBAug 1, 2024 · LONDON (AP) — The Bank of England has cut interest rates for the first time since the onset of the COVID-19 pandemic in early 2020 as inflationary pressures in the economy have eased. In a statement Thursday, the bank said that by a 5-4 margin, its policymaking panel backed a quarter-point reduction …
Bank of England could become 'more aggressive' on rate cuts, …
WEB2 days ago · The Bank of England could move more aggressively to cut interest rates if inflation pressures continue to weaken but conflict in the Middle East could push up oil prices, Governor Andrew Bailey said.
Bank of England Cuts Interest Rates for First Time Since 2020
WEBAug 1, 2024 · The Bank of England decided, by a slim margin among its policymakers, to cut interest rates on Thursday for the first time in more than four years amid slower inflation.
Bank of England lowers rates to 5% in first cut since 2020
WEBAug 1, 2024 · The Bank of England has cut interest rates for the first time in more than four years in a knife-edge vote that marks a boost to the Labour government’s promise to kick-start economic...
Bank of England moves closer to first rate cut since 2020
WEBMay 9, 2024 · Shortly before the BoE's announcement on Thursday, financial markets were close to fully pricing a first quarter-point BoE rate cut only in August and another in November or December taking...
Bank of England cuts rates from 16-year high, 'careful' on future …
WEBAug 1, 2024 · The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently.
Bank of England cuts rates to 5% in first drop since March 2020
WEBAug 1, 2024 · The Bank of England has cut interest rates from 5.25% to 5%, the first drop since the onset of the pandemic in March 2020. The BoE's rate setting committee voted by a majority of five to four...
Interest rates cut 'important moment', says Bank of England boss - BBC News
WEBAug 1, 2024 · In a closely-run decision, rates were lowered to 5% from 5.25% on Thursday, marking the first cut since the start of the pandemic in March 2020. Interest rates dictate the cost of borrowing...
Bank of England: Interest rate cut - CNBC
WEBAug 1, 2024 · The Bank of England on Thursday cut interest rates by 25 basis points, lowering its key rate to 5.0% from a 16-year high of 5.25%. Policymakers voted 5-4 in favor of the reduction, in what had ...