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No change from Bank of England on rates, slows pace of QT

The Bank of England kept rates unchanged today and said it was slowing the pace of its quantitative tightening programme and skewing sales away from long-dated gilts to minimise the impact on turbulent bond markets.

Business • 18 Sep

Bank of England keeps UK interest rates on hold

The Bank of England held interest rates at 4.25% as expected today but said it was focused on risks from a weaker labour market and higher energy prices as conflict in the Middle East escalates.

Business • 19 Jun

The Bank of England has kept UK interest rates on hold today - as expected

Bank of England warns against assumptions of cuts

The Bank of England held interest rates at 4.5% and warned against assumptions that they would be cut over its next few meetings as it grappled with deep uncertainty hanging over the British and world economies.

Business • 20 Mar

The Bank of England held UK interest rates steady at 4.75% today

Bank of England keeps rates steady, policy split widens

The Bank of England kept its main interest rate unchanged at 4.75% today but policymakers became more divided about whether rate cuts were needed to tackle a slowing economy.

Business • 19 Dec 24

The Bank of England remains on alert about price pressures in Britain's jobs market that have subsided more clearly elsewhere

Bank of England set to keep rates on hold next week

The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the US.

Business • 11 Dec 24

Bank of England sticks to 'gradual' script for rate cuts

Bank of England Governor Andrew Bailey reiterated in an interview published today that gradual cuts in interest rates are likely over the next year, adding that the process of falling inflation is well embedded.

Business • 04 Dec 24

The Bank of England has today cut interest rates from 5.25% to 5%

Bank of England cuts rates for first time since 2020

The Bank of England cut interest rates from a 16-year high today after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently.

Business • 01 Aug 24

The Bank of England has kept UK interest rates steady again at 5.25% today

Bank of England moves closer to first rate cut since 2020

The Bank of England took another step towards lowering interest rates, as a second official backed a cut and Governor Andrew Bailey said he was "optimistic that things are moving in the right direction".

Business • 09 May 24

The Bank of England said today the UK economy was 'moving in right direction' for rate cuts

Bank of England keeps UK interest rates at 5.25%

Britain's economy is "moving in the right direction" for the Bank of England to start cutting interest rates, Governor Andrew Bailey said today as two of his colleagues dropped their votes for a rate hike.

Business • 21 Mar 24

BoE's Bailey 'comfortable' that markets expect rate cuts

Bank of England Governor Andrew Bailey said today he was comfortable with investors betting on interest rate cuts this year but pointed to signs that Britain's economy was picking up after falling into recession in late 2023.

Business • 20 Feb 24

The Bank of England kept interest rates unchanged today - as expected

Bank of England says interest rates 'under review'

The Bank of England kept interest rates unchanged today, after officials split three ways on the right course for policy and Governor Andrew Bailey wanted more evidence inflation would return permanently to target.

Business • 01 Feb 24

No rate changes from the Bank of England today

Bank of England holds UK interest steady again

The Bank of England has today left interest rates unchanged at 5.25% as expected and said rates would remain high for an "extended period".

Business • 14 Dec 23

The Bank of England has hiked interest rate in 14 consecutive meetings until they peaked at a 15-year high of 5.25%

Bank of England expected to hold rates steady again

The Bank of England is expected to hold interest rates for the third time in a row, as fresh data has pointed towards potential cracks in the economy.

Business • 14 Dec 23

The Bank of England said today it does not expect to cut interest rates any time soon

Bank of England keep UK interest rates at 15-year high

The Bank of England held interest rates at a 15-year peak today as it kept up its fight against the highest inflation among the world's big rich economies, and it stressed that it did not expect to cut them any time soon.

Business • 02 Nov 23

All but one of 65 economists polled by Reuters in recent days predicted the Bank of England will raise Bank Rate to 5.5% on Thursday from 5.25%

Bank of England readies what may be its final rate hike

The Bank of England is likely to hike interest rates once again this week, possibly the last hurrah for one of the great tightening cycles of the last 100 years as a cooling economy begins to worry policymakers.

Business • 18 Sep 23

The Bank of England has today given a new warning that borrowing costs were likely to stay high for some time

Bank of England raises interest rates to 15-year high

The Bank of England has today raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25%, and gave a new warning that borrowing costs were likely to stay high for some time.

Business • 04 Aug 23

The Bank of England has raised
UK Unterest rates to 4.5% from 4.25%.

Bank of England raises UK interest rates to 4.5%

The Bank of England today raised its key interest rate by a quarter of a percentage point to 4.5%, taking UK borrowing costs to their highest since 2008 with its 12th consecutive rate rise, as it seeks to curb the fastest inflation of any major economy.

Business • 11 May 23

The Bank of England looks set to raise interest rates again, from the current rate of 4.25%, when they meet on Thursday

UK interest rates could rise to 4.5% this week

The Bank of England is not ready to stop raising interest rates as soaring food prices has kept UK inflation elevated, economists have said.

Business • 08 May 23

The Bank of England has dropped its pledge to keep increasing rates 'forcefully' if needed and said inflation had probably peaked

Bank of England raises interest rates to 4%

The Bank of England raised interest rates for the 10th time in a row today but dropped its pledge to keep increasing them "forcefully" if needed and said inflation had probably peaked.

Business • 02 Feb 23

The Bank of England has increased UK interest rates again

Bank of England increases rates to 14 year high of 3.5%

The Bank of England today raised its key interest rate to 3.5% from 3%, its ninth rate rise in a row as it tries to speed inflation's return to target after price growth hit a 41-year high in October.

Business • 15 Dec 22

The Bank of England hiked interest rates from 2.25% to 3%, in its biggest single rise for 33 years, last week

More rate rises to come - Bank of England economist

The Bank of England is set to increase interest rates again and "cannot declare victory" yet against inflation, according to its top economist.

Business • 08 Nov 22

The Bank of England today warned of a 'very challenging' outlook for the UK economy

Bank of England raises interest rates to 3%

The Bank of England has today raised interest rates to 3% from 2.25%, its biggest rate rise since 1989 as it warned of a "very challenging" outlook for the economy.

Business • 03 Nov 22

The Bank of England today raised its key interest rate to 2.25% from 1.75%

Bank of England raises interest rates to 2.25%

The Bank of England has today raised its key interest rate to 2.25% from 1.75% - the highest level since November 2008.

Business • 22 Sep 22

Sterling fell 0.6% against the euro to 84.20 pence after the interest rate decision from the Bank of England

Pound slips as Bank of England delivers big rate hike

Sterling fell today after the Bank of England raised interest rates by the most in 27 years but warned that a long recession is on its way with inflation seen topping 13%.

Business • 04 Aug 22

Bank of England has raised UK rates to their highest level since 2009

Bank of England ups rates to 1.75% as recession looms

The Bank of England has today raised interest rates by the most in 27 years, despite warning that a long recession is on its way, as it rushed to smother a rise in inflation which is now set to top 13%.