News | Latest Breaking News Stories & Headlines

No rate changes from Bank of England today

Bank of England holds rate, tweaks UK growth forecasts

Two Bank of England officials today unexpectedly voted to lower interest rates due to signs of a deeper economic slowdown.

Business • 07 Nov 19

Bank of England warns Brexit delay would hurt growth

The Bank of England said Brexit uncertainty was causing slack to re-emerge in the UK economy and damaging productivity, and a failure to reach a transition deal by October 31 could lead to further weakness.

Business • 19 Sep 19

Bank of England Governor Mark Carney has said the perceived likelihood of a no-deal Brexit has risen

Bank of England cuts growth forecast, sees Brexit risks

The Bank of England cut its growth forecast for the UK economy to zero in the second quarter of 2019 and highlighted risks from global trade tensions and growing fears of a no-deal Brexit.

Business • 20 Jun 19

Mark Carney believes that investors are too relaxed about the pace at which the Bank of England could resume its gradual rate increases

Carney tells investors they are too relaxed on rates

Bank of England Governor Mark Carney said investors were underestimating how much the bank could raise interest rates even as it kept borrowing costs on hold today due to Brexit uncertainty.

Business • 02 May 19

A new poll shows the chances that Brexit will be cancelled are now greater than the chances Britain will leave the EU without a deal

No Brexit more likely than a disorderly one: economists

The chances that Brexit will be cancelled are now greater than the chances Britain will leave the European Union without a deal, according to economists in a Reuters poll.

Business • 18 Apr 19

Bank of England keeps UK interest rates at 0.75% today

Bank of England says Brexit uncertainties intensify

The Bank of England said today that Brexit uncertainty had "intensified considerably" over the last month and that falling oil prices were likely to push inflation below its 2% target soon.

Business • 20 Dec 18

Bank of England Governor Mark Carney said a disruptive no-deal Brexit was not the bank's main assumption

Bank of England hints at faster rates increases

The Bank of England hinted at slightly faster future rises in interest rates if Brexit goes smoothly, but warned all bets were off if next March brought a "disruptive" departure from the EU.

Business • 01 Nov 18

No rate changes from Bank of England amid Brexit unease

The Bank of England kept interest rates on hold today and highlighted greater financial market concerns about Brexit, a month after raising rates for only the second time in more than a decade.

Business • 13 Sep 18

Bank of England chief Mark Carney is confident the UK economy's weak start to the year mostly reflected bad weather

Bank of England chief boosts expectations of rate rise

Bank of England Governor Mark Carney today boosted expectations of a UK interest rate hike next month.

Business • 05 Jul 18

Bank of England keeps UK interest rates at 0.5%

Bank of England to wait out data as it eyes next rise

The Bank of England today kept interest rates on hold and said weak growth during the snowy start to 2018 was likely to be only temporary.

Business • 10 May 18

All but seven of 76 economists polled said the Bank of England's main interest rate would go up from 0.5% on May 10

Bank of England to raise rates in May - economists

The Bank of England will raise its key interest rate to 0.75% in May, nearly all the 76 economists polled by Reuters have said.

Business • 18 Apr 18

No changes from Bank of England on UK rates today

Bank of England sees rates rising sooner and higher

The Bank of England said UK interest rates probably needed to rise sooner and by a bit more than it thought three months ago, after it raised its economic growth forecasts for Britain due to the strong global recovery.

Business • 08 Feb 18

UK interest rates have remained unchanged at 0.5% for more than six years

No change from Bank of England on rates

The Bank of England has kept UK interest rates on hold today amid mounting concern over a slowdown in the economy.

Business • 08 Oct 15

Bank of England Governor Mark Carney was speaking to a UK parliamentary committee today

BoE's Carney says time for rate hike moving closer

Bank of England Governor Mark Carney said the time for a first British interest rate hike since the financial crisis was getting closer as economic recovery gathers momentum.

Business • 14 Jul 15

Bank of England said UK inflation was likely to pick up later this year

Bank of England cuts UK growth outlook

The Bank of England cut its forecasts for UK economic growth over the next three years and cautiously backed expectations that it will only start to raise interest rates in around a year's time.

Business • 13 May 15

Bank of England's Mark Carney said the UK economy had more momentum than the bank would have expected

BoE warned on rates as markets had not updated

The BoE Governor said he had warned earlier this month that interest rates could rise sooner than expected because markets had not adjusted enough to strong British economic data.

Business • 24 Jun 14

Bank of England releases minutes from June meeting

Bank of England rate rise more likely - minutes

Bank of England rate setters have warned that a rise in interest rates this year is more likely than had been widely thought.

Business • 18 Jun 14

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