Category: Interest rates

‘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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Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves

ONS data shows CPI below reading of 2.6% in November, meaning prices rose at a slower rateUK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in...

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