Bank of England, wage growth

Bank of England still on track to cut interest rates despite surging wages
"Pay growth went up, but actually not quite as much as we were expecting," Andrew Bailey said at an event in Brussels.
Bank of England cuts interest rate as it happened: Base rate falls to 4.5%; economic growth forecast also reduced
The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5%. In a blow to UK chancellor Rachel Reeves, the BoE said it now expected the economy to grow by 0.75 per cent this year, half its November forecast of 1.5 per cent.
Bank of England halves UK growth projection and cuts main 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.
Britons cheer up a bit, helped by Bank of England rate cut, survey shows
British consumers turned a little less pessimistic this month as the Bank of England's latest interest rate cut led to an improvement in expectations for their household finances, according to a survey published on Friday.
Bank of England expected to cut interest rates
A cut to interest rates could mean lower mortgage rates.
Bank of England cuts interest rates to 4.5%
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months.
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates
Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates. 24/7 coverage of breaking news and live events
Bank of England interest rates decision due on Thursday - will base rate be cut again?
The base rate is currently at 4.75% after it was held at the previous Bank of England meeting in December 2024 - but is another cut in store for this Thursday?
Bank of England interest rate worries over mortgage deals update
Experts advise those with fixed-rate mortgages expiring soon to lock in a new deal at least three months in advance to avoid potential hikes. Borrowers could also consider tracker mortgages, which follow the Bank of England base rate – but these carry the risk of rising if rates don’t come down.
Blow to Bank of England rate cut hopes but boost for workers as wage growth accelerates
Fresh data showing a continued acceleration in wage growth and surprise strength in the labour market has further complicated the Bank of England's path for interest rate cuts.
UK inflation spikes to a 10-month high, likely to worry the Bank of England
Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England.
Popular bank with millions of customers makes big change to accounts TODAY – will you be worse off?
A POPULAR bank with millions of customers is a making a big change to accounts today. Monzo has reduced the interest rates on ...
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Bank of England cuts interest rates to 4.5% in boost for mortgage holders
The Bank of England (BoE) has reduced its interest rate to 4.5%, its lowest level in 20 months, offering some relief to mortgage holders across the UK. This is the third cut to UK borrowing ...