Bank of England cuts interest rate as it happened: Base rate falls to 4.5%; economic growth forecast also reduced
The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5%. In a blow to UK chancellor Rachel Reeves, the BoE said it now expected the economy to grow by 0.75 per cent this year, half its November forecast of 1.5 per cent.
Live: Bank of England cuts interest rates to 4.5%
The Bank of England voted to reduce the base rate by 25 basis points at the first MPC meeting of the year, as widely anticipated
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.
Banks slash savings rates after Bank of England rate cut
In contrast, homebuyers have had better news since the BoE rate cut, as Santander and Barclays announced they would offer mortgages below 4 per cent for the first time since November last year. The deals apply to mortgage loan-to-values of 60 per cent.
Bank of England rate setter says inflation risk is falling after calling for jumbo rate cut
Mann's first vote for a cut during this cycle marked a departure from her comments in August, when she warned Britain not to be 'seduced' into believing that the battle against inflation is over, citing wage growth and related concerns in the services sector.
Bank of England interest rates decision due on Thursday - will base rate be cut again?
The base rate is currently at 4.75% after it was held at the previous Bank of England meeting in December 2024 - but is another cut in store for this Thursday?
Bank of England expected to cut interest rates
A cut to interest rates could mean lower mortgage rates.
Barclays, HSBC and Nationwide reduce mortgage rates after Bank of England interest cut – see the full list
MORTGAGE lenders have swiftly reduced their rates following the Bank of England’s decision to lower the base rate to 4.5% this afternoon. This move is set to benefit thousands of borrowers,
Bank of England slashes base rate – and signals further cuts
The Bank of England has cut its base rate to 4.5%, down from 4.75%. Seven members of the Bank’s Monetary Policy Committee opted for a 0.25% cut, with two preferring 0.50% reduction - suggesting further reductions could be on the horizon.
Bank of England to cut interest rates only twice more, NIESR predicts
Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest rates further, the NIESR think tank predicted on Wednesday in a relatively upbeat set of forecasts.
Interest rates LIVE: Bank of England decision due today for millions of households with a mortgage
The Mirror will be posting regular live updates ahead of the latest Bank of England interest rates decision, which is due at ...
Bank of England pour doubts over major interest rate cut with fresh inflation prediction: Live
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Bank of England base rate and your mortgage
Please refer to the particular terms and conditions of a provider before committing to any financial products. Bank of England base rate: the basics For an at-a-glance look at how the Bank of ...