Bank of England rate-setter sees no repeat of extended inflation spike ahead
Monday, 10 February 2025 () 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 be temporary.
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..