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Searched Tag: uk inflation

With inflation now at its highest rate since January 2024 and nearly double the Bank of England's target of 2 per cent, the prospects of another rate cut in 2025 are diminishing

Food, airfare price rise led to higher UK inflation in July

August 22, 2025, 03:52 PM - 2 min read

The Office for National Statistics said consumer price inflation was 3.8 per cent in the year to July, up from 3.6 per cent in June

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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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