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Searched Tag: bank of england

Stubbornly high inflation has been one of the reasons the Labour government's poll ratings have fallen sharply since it came to power in July 2024

Hike in food and drink rates leaves UK inflation high, but steady

September 17, 2025, 06:53 PM - 3 min read

A day before the Bank of England announces interest rates, which are mostly expected to be kept on hold, data has revealed inflation in the UK has been steady even though it is above the bank’s target of 2 per cent

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The central bank said it would resume its “gradual and careful” approach to monetary easing

Bank of England cuts interest rates by 25 bps; lowest since 2023

August 7, 2025, 07:18 PM - 3 min read

While four members of the MPC voted to hold rates, four others voted to cut and one voted for a bigger, 50 basis points cut. It was novel for the MPC to then hold another round of voting to arrive at a majority decision to slash interest rates by 25 basis points

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