London’s premier index closed at a new record high after soaring 103.99 points to 8727.28, says The Mail. It also hit a new ...

ITC (down 2.06%), Britannia Industries (down 1.84%), State Bank of India (SBI) (down 1.64%), Tata Consultancy Services (TCS) (down 1.51%) and Apollo Hospital Enterprise (down 1.49%) were the major ...

Many economies seem to be settling into a lower-rate environment. That’s in stark contrast with the Federal Reserve, which ...

The Bank of England has cut its main interest rats for the third time in six months as the British economy is struggling to ...

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

European stocks closed higher on Thursday with several markets in the region climbing to record highs, as investors indulged in some ...

Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.

The base rate fell to 4.5 on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without ...

The Monetary Policy Committee (MPC) of the Bank of England holds a similar target as the US of achieving a 2% inflation rate. In Q4 2024, the CPI inflation was measured at 2.5% in the UK.