Bailey, Andrew (1959- )

Bank of England Cuts Interest Rates as British Economy Weakens

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

By Eshe Nelson

The central bank said that future cuts would be gradual after spending increases were introduced in the government’s new budget.

By Eshe Nelson

Central bank policymakers lowered rates to 5 percent amid lower inflation in Britain, but they warned that future rate cuts would come slowly.

By Eshe Nelson