Category: Bank of England

UK economy grows by 0.1% in unexpected boost for Rachel Reeves

ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline• Business live – latest updatesBritain’s economy unexpectedly grew in the final three months of last...

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UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hitThe British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending...

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‘Stagflation’ fears as Bank of England cuts growth forecast and warns of price rises

UK economy expected to grow by just 0.75% this year, in fresh blow to Rachel Reeves’s attempts to raise confidenceRachel Reeves’s plans for growth suffered a double blow after the Bank of England halved its forecast...

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Bank of England cuts interest rates to 4.5% but halves UK growth forecast

MPC votes for new quarter-point cut but downgrades economic outlook and predicts inflation will rise to 3.7% by autumnThe Bank of England has cut interest rates to 4.5%, but warned UK households face renewed pressure from rising...

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Bank of England cuts interest rates to 4.5% and halves UK growth forecast

Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumnUnambiguously bleak forecasts pave way for spending cutsWhat does the rate cut mean for mortgages and savings?Business live –...

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Bank of England poised to cut interest rates amid UK economic gloom

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%Bank of England policymakers are poised to cut interest rates and downgrade forecasts for economic growth,...

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