The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of the year.

The US investment bank slashed its growth forecasts on Monday, citing both the lingering impact of the Bank's monetary tightening and the fallout from the Budget.

Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month

However, it means the Consumer Prices Index (CPI) - the main measure of inflation - remains stubbornly above the Bank of England’s target of 2%. The Office for National Statistics (ONS ...

Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort

The fall in the headline rate of inflation from 2.6 percent to 2.5 percent was unexpected and positive news for the Chancellor Rachel Reeves.

The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.

Inflation unexpectedly came in below expectations in December but remains above the Bank of England's 2 per cent figure. At its peak, inflation stood at 11.1 per cent. The latest ONS figures ...

Growth in private sector earnings was stronger than for public sector jobs. Despite a risk of higher wages pushing up inflation, the Bank of England is still expected to cut interest rates next month. Rates are currently at 4.75%, but traders have bet on a ...

Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut

Inflation is stuck above the BoE's 2% target and looks set to rise further while the economy has stagnated since the middle of 2024, offering conflicting signals for the central bank's rate-setters.

Several countries will announce their monetary policies in the coming weeks, including the US, the UK and India. Meanwhile, China’s AI start-up DeepSeek shook global stock markets, and the 2025 Oscar nominations were finally announced.