Bank of England cuts interest rates despite looming inflation surge
Thursday, 6 February 2025 () The Bank of England cut interest rates by 25 basis points on Thursday, even though rate-setters expect to see a significant rise in inflation over the coming year.Β Seven members of the Bankβs Monetary Policy Committee (MPC) backed the decision, while two β Swati Dhingra and Catherine Mann β voted for a larger 50 basis [...]
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. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and...
A member of the Bank of England's rate-setting committee has made a case for a steeper cut to interest rates on expectations that an inflation "hump" ahead will... Sky News
Federal Reserve Chair Jerome Powell stated that the central bank will keep interest rates unchanged, citing ongoing inflation above the 2% target and a strong... IndiaTimes
Federal Reserve Chair Jerome Powell emphasized a cautious approach to interest rate adjustments on Tuesday, citing persistent inflation and continued economic... Invezz
Thursday, 6 February 2025 ()
The Bank of England cut interest rates by 25 basis points on Thursday, even though rate-setters expect to see a significant rise in inflation over the coming year.Β Seven members of the Bankβs Monetary Policy Committee (MPC) backed the decision, while two β Swati Dhingra and Catherine Mann β voted for a larger 50 basis [...]
