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 years.

The final decision on what exactly features on a banknote lies with the Bank's governor. More than 4.7 billion Bank of England notes are in circulation, collectively worth around £86bn.

The Bank of England has cut its main interest rate by a quarter of a percentage point, citing lower UK inflation. The move, which had been widely expected, brings the main cost of borrowing in ...

The Bank of England will continue to cut interest rates but global economic uncertainty makes it tough to say how far and how fast, top central banker Andrew Bailey said. “The rate path remains ...

Reuters FILE PHOTO: Economist and member of the Bank Of England’s Monetary Policy Committee Catherine Mann poses for a photograph ahead of a speech at Manchester Business School in Manchester ...

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. Britain’s central bank ...

The Bank of England is reluctantly pressing on with work to create a form of digital money accessible to the general public, as commercial banks risk failing to keep up with less-regulated tech ...

LONDON, Dec 11 (Reuters) - 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 United States.

The Bank of England should be more cautious in its cycle of interest-rate cuts as inflation and wage growth continue above target, its chief economist said Tuesday. "While disinflation toward the ...

The Bank of England held interest rates on Thursday at their highest level since 2008 even as inflation in Britain slowed to 2 percent in May, an important milestone. Policymakers kept rates at 5. ...