The decision by the BoE’s nine-member Monetary Policy Committee comes against a backdrop of sluggish economic growth.

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Interest rates may not fall as quickly or as steeply as expected, Bank of England economist Huw Pill has warned on amid signs ...

The Government's current estimate is that the 2026 increase will be 2.5%. But if inflation hits 4% soon, that could send new ...

An inflation rate of 4% could leader to a £478 pension increase as many older people struggle with the cost of living ...

The top fixed rates have seen declines and are expected to fall further following the Bank of England’s interest rate cut ...

Huw Pill, chief economist at the Bank of England, stressed there has been ‘progress’ in bringing inflation down in recent ...

That said, there’s a growing acceptance that US immigration policy is putting limits on staffing availability. It’s why Chair ...

Data also showed the gap between one and five-year fixed bonds was narrowing. The average one-year fixed bond rate at 4 per ...

Pound Sterling (GBP) reached a marginal new short term high in overnight trade as Asian markets caught up to the hawkish turn ...

"Monetary Policy Committee (MPC) overall believes UK monetary policy is still restrictive." "There is some shift in the balance of risks on inflation." "At the margin, there has been an upward shift ...

Savings rates on easy-access accounts and Isas have started to plummet following the Bank of England cutting the base rate.