Bank of England holds interest rates amid market uncertainty
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
Bank of England
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‘Cause for concern’ as UK inflation rises unexpectedly to 3%
The BoE will be trying to avoid stagflation as economic growth becomes a top priority for future rate cuts
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UK unemployment rate holds steady at 4.4%
Marginally below the Bank of England’s forecast of 4.5%
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Analysis: Are investors getting it wrong about the UK?
Many believe the gloom over the outlook for the country is misplaced
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‘Momentum remains dismal’: UK GDP increases by 0.1% in Q4 2024
An upside surprise versus consensus forecasts of a 0.1% fall
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Bank of England cuts interest rates to 4.5%
FTSE rose to a record high this morning on expectations of the 25 basis points cut
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‘The Chancellor has a large task ahead’: UK GDP rises by 0.1%
While construction output increased by 0.4% in November last year, production output fell by 0.4%
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Inflation rises to 2.6% as fuel prices mount
The Consumer Price Index rose yet again in November as fuel costs increased, making an interest rate cut unlikely
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UK economy contracts 0.1% in October
Falling below expectations of a modest 0.1% increase, according to the ONS
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UK cash savings surpass £2trn for first time
Savers added £51bn to cash this year, but it could be a less attractive option now interest rates are falling
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UK inflation jumps to 2.3% for October
Industry commentators weigh in on inflation bounce
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Investment industry urges BoE to tread carefully following interest rate cut decision
The Monetary Policy Committee voted 8-1 in favour of a 25 basis-point cut to 4.75%