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.
In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the ...
The monetary policy announcement from the European Central Bank and preliminary GDP data from the major euro area economies are due ...
The European Central Bank on Thursday cut interest rates for the fifth time since it began easing monetary policy.
A CNBC report revealed that economists are betting on the Bank of England cutting rates by 25 basis points from 4.75% to 4.5% in the Thursday Monetary Policy Committee meeting. The expected rate cuts ...
On the growth front, it is hard to argue that an economy that grew 6.4% in 2024-25 (and is estimated to grow 6.7% in 2025-26) needs monetary-policy support. Sure, growth in 2024-25 is lower than ...
Most economists had already predicted the nine-member Monetary Policy Committee (MPC) would lower the bank's main interest ...
The Monetary Policy Committee had considered the idea of holding the meetings in the middle of the month instead of the beginning to align with inflation and industrial production data releases ...