Rates have fluctuated recently as views have changed on when the Bank of England will cut interest rates after UK inflation slowed less than expected in March. Figures released by the ONS last Wednesday morning showed that inflation was 3.2 per cent in March, slightly higher than the 3.1 per cent predicted by economists.

The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.

The Bank of England is holding back on reducing interest rates despite inflation simmering down a bit. Huw Pill, the chief economist for the bank, recently

The Bank of England is right to draw a distinction between the UK and US inflation outlook. We expect the first rate cut to be in August or maybe even June. Click to read.

Interest rate futures on Monday fully priced in a first quarter-point interest rate cut by the Bank of England for August and see two rate cuts before the end of the year, an earlier start to cuts than priced in last week.

Bank of England Deputy Governor Sarah Breeden said the UK is on the cusp of a technological revolution in finance that will slash the cost of using money, and allow micropayments and automatic payments on the delivery of goods.

The Bank of England should be wary of cutting rates too soon after years of above-target inflation, a senior policymaker has warned, as he reiterated the need for “restrictive m

The recent fall in inflation towards the 2% target is not necessarily enough reason for the Bank of England to start cutting interest rates, and it would be better to cut too late than too early, the Bank of England’s deputy governor Huw Pill said today.