The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 3.75%. A unanimous vote…
The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 3.75%. A majority of 5–4 hold to cut. Close…
The Monetary Policy Committee of the Bank of England has voted to slash interest rates to 3.75%. It was a 5-4 decision, with the Bank’s governor Andrew Bailey casting the swing vote. He said this afternoon:
“We still think rates are on a gradual path downward but with every cut we make, how much further we go becomes a closer call…”
The lowest level since February 2023…
The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 4%. For another month…
A majority of 5–4. Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%. Close…
The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 4%. After cutting from 4.25% last month…
The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 4.25%. After cutting from 4.5% last month…
Six voted for no change, three for a cut. Slowly slowly…
UPDATE: The Bank of England says in its report that “underlying UK GDP growth appears to have remained weak.“
Speaking to Sky News off the back of Rachel Reeves’ Air Passenger Duty hike, Ryanair chief executive Michael O’Leary said:
“Labour is dependent on those Red Wall seats, and yet every move she makes poisons economic growth and damages the UK’s recovery… it’s the Chancellor who stumbles from policy misstep to policy misstep… I think her policy decisions are incredibly stupid.”