The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that...
Russia’s central bank raised its key interest rate Friday, despite warnings against such a move from some business elites within the country. Veuer’s Matt Hoffman reports.
The UK should “certainly mark the occasion” if England win Euro 2024, Sir Keir Starmer has said amid calls for an extra bank holiday in the event of victory. The prime minister appeared to suggest..
In a closely contested decision, the Bank of England has cut interest rates for the first time in over four years, providing a potential boost to the Labour... Invezz
London stocks jumped this afternoon and the pound hit a one month low after the Bank of England moved to scale back interest rates from a 16-year high at its... City A.M.
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