Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

The reduction is the fifth over the past year and brings borrowing costs down to their lowest since March 2023 ...

Bank of England warns surging food prices could push inflation to 4% - Governor Andrew Bailey says there is ‘genuine ...

Food price increases have been driven by rising key food commodities, higher employment costs and extended producer ...

UK interest rates have been cut by 0.25 percentage points to 4.00%, with concerns over economic weaknesses trumping rising ...