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The recent announcement by the Bank of England to lower the interest rate from 5.25% to 5% represents its first reduction since March 2020 attributed to the impact of the pandemic. The decision supported by a majority within the…
For the first time in nearly three years, the UK’s inflation rate has hit the Bank of England’s target of 2%. Official figures released show that prices rose at an annual rate of 2% in May, down from 2.3% in April. This milestone is seen as a…
The Bank of England’s decision to maintain interest rates at 5.25% reflects cautious optimism amidst ongoing economic fluctuations. Governor Andrew Bailey’s announcement underscores the need for further evidence of sustained price…
n a move set to potentially reshape the economic landscape, we are predicting that the Bank of England will embark on a series of base rate cuts, diverging from the sentiments echoed in the market. Despite the prevailing…
Inflation in the United Kingdom remained at 4% in January, defying expectations of a modest rise to 4.2%, according to official figures released by the Office for National Statistics. This stability, though surprising to many economists, was attributed to lower food prices, which offset the escalating costs of gas and
The Bank of England recently confirmed its decision to maintain the base interest rate at 5.25% for the third consecutive time, signalling a commitment to stabilizing borrowing costs in the UK. In a statement, Governor Andrew Bailey emphasized the need for a “restrictive” monetary policy to counter persistent inflationary pressures.
