Bank of England cuts rates but sees higher inflation after Reeves' budget
LONDON, Nov 7 (Reuters) - The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.
The outcome of the Monetary Policy Committee meeting was announced at midday today. Stay up to date with live reporting and ...
More significantly, services inflation also slowed from 5.6% to 4.9% in September, coming in comfortably below the Bank of ...
They had previously forecast that interest rates would ... rates and mortgage rates are directly linked to the Bank of England base rate. In reality, future market expectations for ...
The gradualist view and the BoE’s forecasts are consistent with quarterly rate cuts. In a change of view, we no longer expect a quarter-point cut at the December meeting, but think this represents a ...
The Bank of England reduced the base rate from 5 per cent to 4.75 per cent on Thursday ... But the Bank’s Monetary Policy Committee (MPC) forecast that Rachel Reeves’s first budget as ...
The Office for Budget Responsibility has increased forecasts for both house prices and future mortgage rates compared to its ...
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