The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday ...

The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, ...

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The Bank of England's chief economist Huw Pill said that despite forecasts of inflation climbing to 3.7% in the second half ...

Huw Pill called an expected rise in inflation this summer an ‘upward blip’ and said it would probably not affect everyday ...

THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears ...

Bank of England Chief Economist Huw Pill said an expected rise in inflation this year would probably not lead to second-round ...

"I think that is a reason for caution, for carefulness in the way we proceed with removing monetary policy restriction and cutting bank rate," Pill said.

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.

The Bank of England has cut interest rates for the third time since the inflation crisis, taking the base rate to 4.5 per ...