The Bank of England makes a second round of cuts to interest rates to protect the UK economy
The Bank of England has cut the base rate from 0.75% to 0.25% in a bid to help the economy amid coronavirus concerns.
The Bank of England announces a package of measures to help the economy amid coronavirus concerns
The Bank has warned that it could still cut rates later in the year if the economy does not pick up
While seen as a favourite for the job, Bailey’s appointment is not without criticism.
The rate on the formerly market-leading easy-access savings account has been cut to 1.35%
The Bank warned that delaying of Brexit beyond 31 October risked uncertainty becoming more deeply “entrenched”, damaging growth prospects
The latest inflation figures, bang on the Bank of England’s 2% target, present a problem to policymakers and new Prime Ministers alike