Boe Rate Hike

Bank of England cuts main interest rate by 0.25% amid US tariff uncertainty

The Bank of England cut its main interest rate by a quarter of a percentage point to 4.25 per cent amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration. The decision Thursday was widely expected, though there was an array of opinion on the nine-member Monetary Policy Committee, with two voting for a bigger half-point cut to four per cent, and two voting to hold rates. Bank Governor Andrew Bailey said inflationary pressures have continued to ease, paving the way for the fourth quarter-point rate cut since August. "The past few weeks have shown how unpredictable the global economy can be," he said. "That's why we need to stick to a gradual and careful approach to further rate cuts. Ensuring low and stable inflation is our top priority." The decision is the first since President Donald Trump made his tariff announcement in early April. Though most tariffs were paused for 90 days following the ensuing market turmoil, ...

Asian stocks hold on to gains; BoE in focus ahead of rate decision meeting

Apart from the BoE, investors will also watch out for central bank decisions from Switzerland and Norway on Thursday to set the tone for global rates outlook

UK firms expect to raise prices 6% in 12 months, see inflation lingering

Inflation pressures in the UK economy showed only limited signs of abating in November, with companies expecting to raise prices by 5.7% in the coming 12 months

Bank of England set to raise rates again as inflation heads for 10%

That would take Bank Rate to 1.25%, its highest level since January 2009, when Britain's economy was holed by the global financial crisis

In a first since 2007, Bank of England set to raise rates to 0.5%

A BoE rate hike would follow the pattern set by the US Federal Reserve and to an extent by the European Central Bank