Exclusive: Bank of England's Pill 'cautious' about further rate cuts
The Bank of England needs to move cautiously with cutting interest rates because the long process of wrestling down inflation is not yet complete, BoE Chief Economist Huw Pill told Reuters.
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
Bank of England expected to cut key UK interest rate to 4.50%
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target
Bank of England cuts rates, sees higher inflation and weaker growth
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Banks slash savings rates after Bank of England rate cut
Dozens of high street banks and building societies have moved swiftly to cut rates on savings products following the Bank of England’s decision to lower the base rate. Nearly 40 providers have reduced their rates,
Bank of England rate setter says inflation risk is falling after calling for jumbo rate cut
Fears of a major inflationary resurgence are overblown and wider economic woes will keep price rises in check this year, according to a Bank of England policymaker. Catherine Mann, whose calls for a more aggressive base rate cut were overruled by MPC colleagues last week,
Bank of England's Mann: Bigger Rate Cut Was Needed to 'Cut Through the Noise'
Mann was one of two members of the BoE's Monetary Policy Committee who last week voted for a half-point cut in interest rates to 4.25%, against the majority who favoured a quarter-point cut to 4.25%.
The Mirror6d
Bank of England issues new inflation warning to households despite cutting rates to 4.5%
The Bank of England has cut interest rates to 4.5% - but warned households to brace themselves for higher inflation. Andrew Bailey, the Bank’s Governor, said it would take a “gradual and ...
Yahoo Finance7d
Bank of England poised to cut rates but inflation worries linger
LONDON (Reuters) - The Bank of England looks set to cut interest rates ... as it juggles the need to help the sluggish economy with still-strong inflation pressures. Hit by worries about finance ...
Bank of England cuts rates as it sees weaker growth and inflation spike
The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation ...