Blow to Bank of England rate cut hopes but boost for workers

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.
Bank of England cuts interest rates to 4.5% as it downgrades growth forecast
Bank of England cuts interest rates to 4.5% as it downgrades growth forecast - The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.
Blow to Bank of England rate cut hopes but boost for workers as wage growth accelerates
Fresh data showing a continued acceleration in wage growth and surprise strength in the labour market has further complicated the Bank of England's path for interest rate cuts.
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.
Bank of England halves growth forecast and cuts rates to 4.5%
The Bank of England has halved its 2025 growth estimate and cut interest rates by a quarter-point to 4.5 per cent, as it contends with a stagnant UK economy and an increasingly uncertain international environment.
Bank cuts interest rates and slashes growth forecast
Bank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.
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