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UK Interest Rates

  • Bank of England decision to cut interest rates could be ‘closer call’

    Economics

    The Bank of England’s expected decision to cut interest rates by 25 basis points could be a “closer call” than markets predict, analysts have said.  Markets have all but priced in interest rates falling to 3.75 per cent at the Bank’s next decision in mid-December after a flurry of data points pointed to a continued [...]

    The Governor's comments were seen as slightly more dovish than his previous guidance had implied, prompting markets to anticipate further rate cuts in the months ahead.
  • ‘Deceiving’ Budget: Reeves to delay debt ‘repair’ amid interest rate hold fears

    Economics

    A left-leaning think tank has sounded the alarm on the the delay of the “repair job” for public finances after Rachel Reeves increased short-term borrowing levels to pay for higher welfare spending next year. The Resolution Foundation, which was previously headed by Treasury minister Torsten Bell, suggested Rachel Reeves’ Budget was “deceiving” by back-loading consolidation [...]

    The UK economy is suffering from sluggish growth in a warning sign for Rachel Reeves.
  • Jobs market decline ‘fuels hopes’ for Bank of England interest rate cut 

    Economics

    The jump in the unemployment rate and softening private sector wage growth is driving up expectations of an interest rate cut at the Bank of England’s next meeting in mid-December.  The Office for National Statistics (ONS) said the unemployment rate had jumped to 5 per cent, higher than economists had expected, while wage growth had [...]

    The Bank of England is expected to hold interest rates at four per cent due to stubbornly high inflation.
  • Bank of England holds interest rates at four per cent amid Budget fears

    November 6, 2025

    The Bank of England has held interest rates at four per cent amid caution around high inflation levels ahead of Chancellor Rachel Reeves’ crucial Budget in three weeks.  The Bank’s Monetary Policy Committee (MPC) voted 5-4 to hold interest rates as Governor Andrew Bailey, who made the deciding call at the latest meeting, said he [...]

  • Cut interest rates by 25 basis points, Shadow MPC says

    November 5, 2025

    Top economists on City AM’s Shadow Monetary Policy Committee (MPC) have called for interest rates to be cut to 3.75 per cent in a narrow 5-4 vote. Economists from academia, business and City giants have said that the UK’s weakening demand and easing price pressures suggested the Bank of England should look to cut interest [...]

  • Bank of England expected to hold interest rates in tight decision

    November 4, 2025

    The Bank of England is expected to hold interest rates at four per cent despite some City forecasters suggesting that the votes of the Monetary Policy Committee (MPC) could tilt towards a 25 basis point cut.  City traders believe the Bank will keep interest rates on hold to curb high inflation, which is nearly double [...]

  • Motor finance, Madoff fraud, tax fears – bank shares defy the noise

    October 31, 2025

    A motor finance battle, hefty impairment charges and the shadow of 2008 all cast over banks third-quarter results but beneath the fog investors are rewarding the FTSE 100’s top lenders for another bumper quarter. The FTSE 350 banks index has risen nearly four per cent this month and is up 17 per cent for the [...]

  • Interest rates could fall to three per cent – City AM Shadow MPC 

    September 18, 2025

    Interest rates could fall as low as three per cent, according to a group of economists in City AM‘s Shadow Monetary Policy Committee (MPC), but a rocky year for the UK economy could keep borrowing costs high.  The Bank of England voted to hold interest rates on Thursday at four per cent due to sticky [...]

  • Bank of England holds interest rates and slows down QT to £70bn

    September 18, 2025

    The Bank of England’s Monetary Policy Committee (MPC) voted 7-2 to hold interest rates amid sticky inflation, with a decision to slow down its quantitative tightening (QT) process also made in light of febrile markets raising borrowing costs.  MPC members made a dual decision at its September meeting on interest rates and the sale of [...]

  • Hawks vs Doves: Bank of England’s MPC will hold interest rates – but expect dissent

    September 17, 2025

    In the last year, the Bank of England has cut interest rates five times on the expectation that price rises were easing in the UK.  When inflation hit a 41-year high of 11.1 per cent in October 2022, policymakers at the Bank warned that its fight to battle inflation was “sacrosanct”.  The relentless spiralling of [...]

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