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Bank of England

  • May- 2025 -
    8 May
    EconomyBoE cuts interest rates to 4.25%

    BoE cuts interest rates to 4.25%

    The Bank of England (BoE) has cut interest rates to 4.25%, down from the previous rate of 4.5%, marking the fourth rate cut since last year’s peak of 5.25%. At its meeting ending on 7 May, the bank’s monetary policy committee (MPC) voted by a majority of 5–4 to reduce…

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  • Mar- 2025 -
    20 March
    EconomyBoE holds interest rates at 4.5%

    BoE holds interest rates at 4.5%

    The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to its lowest level since June 2023. At its meeting ending on 19 March, the bank’s monetary policy committee (MPC) voted by a majority of 8–1 to maintain the rate at…

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  • Feb- 2025 -
    6 February
    EconomyBoE cuts interest rates to 4.5%

    BoE cuts interest rates to 4.5%

    The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June 2023, but warned that GDP growth has been “weaker than expected”. At its meeting this week, the bank’s monetary policy committee voted by a majority of 7–2 to reduce the…

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  • Dec- 2024 -
    19 December
    EconomyBoE holds interest rates at 4.75%

    BoE holds interest rates at 4.75%

    The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest…

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  • Nov- 2024 -
    7 November
    EconomyBank of England cuts interest rates to 4.75%

    Bank of England cuts interest rates to 4.75%

    The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The bank voted by a majority of 8–1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…

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  • Sep- 2024 -
    19 September
    EconomyBoE holds interest rates at 5%

    BoE holds interest rates at 5%

    The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the first time in four years in August. The bank voted by a majority of 8-1 to keep the rate the same in a bid to help “sustain growth and employment”.…

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  • Aug- 2024 -
    1 August
    EconomyBoE cuts interest rates for first time in 4 years

    BoE cuts interest rates for first time in 4 years

    The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling to 5%. The bank voted by a majority of 5–4 to reduce the rate by 0.25 percentage points to 5%, marking the first fall in inflation since March 2020, where…

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  • Jun- 2024 -
    20 June
    EconomyBoE holds interest rates for 7th consecutive month

    BoE holds interest rates for 7th consecutive month

    Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced. The bank’s MPC voted by a majority of 7–2 to maintain the rate, despite inflation hitting its target and falling to 2% in May. UK inflation hit its target for the first…

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  • May- 2024 -
    24 May
    EconomyPet Retailers

    Retail sales slump 2.3% in April amid wet weather

    Retail sales fell by 2.3% in volume over April, following a fall of 0.2% in March, as the retail sector was hampered by ongoing wet weather over the period. According to the Office for National Statistics (ONS), sales volumes were down across most sectors, with non-food stores particularly “doing badly”…

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  • Mar- 2024 -
    6 March
    EconomyChancellor cuts NI by a further 2p as part of Spring Budget

    Chancellor cuts NI by a further 2p as part of Spring Budget

    Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…

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