Bank of England cuts interest rates to 4.25% and welcomes US-UK trade deal – as it happened
Bank policymakers split 5-2-2 over this month’s interest rate decision UK interest rate cut: what does it mean for mortgages and savings? Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy Trump expected to announce framework of UK trade agreement, sources say Sweden’s central
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‘Greedflation’ fears rise as Bank official warns firms against price hikes
Bank of England’s Catherine Mann wary of ‘pricing power’, with companies looking to rebuild profit margins by hiking prices Business live – latest updates Businesses will need to show they are keeping a lid on prices before there can be further interest rate cuts, according to the Bank
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UK inflation falls to 3.4%, complicating Bank of England’s interest rate task
Annual drop in May but policymakers still almost certain to hold rates at 4.25% on Thursday Inflation in the UK fell to 3.4% last month as shop prices declined, complicating the Bank of England’s interest rates decision on Thursday. Policymakers are still almost certain to hold interest rates
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Two trade deals and a rate cut in one week … are things looking up for UK plc?
Analysts say the news boosts business confidence, helps an EU trade reset and shows the UK is a good place to invest – but it’s unlikely to turbo-charge GDP You wait three years for a trade deal and then two come along at once. As of Monday, the
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Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened
Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars UK will slump to 1% growth next year as Trump tariffs bite, says OECD US firms say Trump trade war is hitting production as dollar nears
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Inflation data shouldn’t deter us from rate cuts, says Bank policymaker
Alan Taylor voted for a 0.5-point cut last month and feels recent economic figures are led by one-off factors Business live – latest updates A member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation and growth figures should not distract policymakers from continuing
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UK interest rates more uncertain due to Trump policies, says Bank governor
Andrew Bailey tells MPs pattern of trade deals and lower tariffs ‘blown up’ with serious impacts for global economy Business live – latest updates The Bank of England governor, Andrew Bailey, has told MPs that the future path of interest rates in the UK has become more uncertain
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Bank of England governor urges deeper ties with EU to ‘minimise’ Brexit impact
Andrew Bailey says Brexit was not ‘wrong’ but welcomes the UK’s efforts to reset relations with the bloc Andrew Bailey has urged the UK government to deepen ties with the EU, as he warned a breakdown in global trade would make it harder for the Bank of England
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Tell us: have your saving habits changed due to economic uncertainty?
We would like to hear from people who have started setting aside more cash UK households are increasingly setting aside physical cash amid extreme economic uncertainty and to provide a safety net for possible banking system outages such as the recent one in Spain, according to the Bank
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Bank of England keeps interest rates at 4.25% but hints at cuts to come
Governor says rates still on downward path but hard to predict timing of reductions in ‘highly unpredictable’ world Rate decision leaves Reeves praying for an August cut Business live – latest updates The Bank of England has left interest rates on hold at 4.25%, though it signalled further
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