Seeing no signs of recession, bank’s rate-setting council lowers benchmark rate from 3.5% to 3.25% — its third reduction since June
Consumer prices rose 1.7% in September, down from 2.2% the previous month, cementing expectations for another rate cut
Inflation in the U.K. held steady at an annual rate of 2.2% in August, still above the bank’s goal
Higher air fares offset by lower fuel costs and restaurant and hotel bills
It's the central bank's first rate cut since the onset of the Covid-19 pandemic
BoE wonders whether to cut rates as figures hold steady, defying expectations
The central bank kept its rate steady even though inflation has fallen to its 2% target
Conservative Party seizes on news as proof its economic plan is working
Consumer price index shows inflation’s fall to lowest level in nearly three years but still above Bank of England's target
While the British economy grew by 0.6% in the first quarter, it has barely grown over the past year