Tag: Bank of England

Bank of England Slashes Interest Rates to 4% Amid Tight Vote and Economic Worries

The Bank of England lowered its main interest rate to 4% after a close 5-4 vote. Weaker job growth and persistent inflation pushed this decision, signaling a delicate turn toward supporting the UK economy while still wrestling with stubbornly high prices.

UK Inflation Slows to 3.4% as Food Prices Climb, But Transport Costs Drop

UK annual inflation edged down to 3.4% in May 2025, mainly due to cheaper transport services partly offsetting pricier food and household items. Goods inflation hit its highest point since late 2023, while services eased sharply, leaving the Bank of England grappling with its next move.