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

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. Sweden's central bank slashed borrowing costs by 0.5 basis points Thursday -- its fourth this year and biggest reduction in a decade -- while Norway made no change.

The EUR/GBP reverses intraday losses and bounces back to near 0.8300 in the European trading session on Thursday.

The Bank of England’s MPC cut the benchmark rate by 25bp to 4.75%.

Central-case terminal rate forecast was lowered from 2.25% to 1.50%, Deutsche Bank’s team of economists note.

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. Sweden's central bank slashed borrowing costs by 0.5 basis points Thursday -- its fourth this year and biggest reduction in a decade -- while Norway made no change.

The Bank has issued a warning over how last week's Budget could impact inflation

The Bank’s Monetary Policy Committee (MPC) announced that rates were being reduced from 5% to 4.75%

The base rate drop to 4.75 per cent could also give first-time buyers a boost onto the property ladder.

In between central bank decisions from the far north and the US, the Bank of England (BoE) meets today, Commerzbank’s FX Analyst Michael Pfister notes.

The Bank of England cut Bank Rate today by 25bps, as universally expected.

The Bank of England cut its main interest rate by a quarter of a percentage point on Thursday after inflation across the U.K. fell below its target rate of 2%.

The EUR/GBP cross extends its downside to near 0.8315 on Tuesday during the early European session.

UK householders given key advice on what the interest rate cut means for your personal spending, borrowing and saving

The Bank of England has lowered interest rates by 0.25 basis points to 4.75% today, as it voted to deliver its second cut this year.

The GBP/JPY cross retreats a few pips after touching a one-week high, around the 199.55 region during the Asian session on Thursday, albeit it lacks follow-through selling.

The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since mid-August, around the 1.2835-1.2830 region touched the previous day.

The GBP/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since mid-August, around the 1.2835-1.2830 region touched the previous day.

(Bloomberg) — Czech policymakers will likely press on with an eighth consecutive interest-rate cut as weak economic growth for now trumps concerns about inflationary risks.

(Bloomberg) — Serbia’s central bank kept borrowing costs on hold, an unexpected move that signaled caution as policymakers weigh lingering price pressures. 

(Bloomberg) — Czech policymakers delivered an eighth consecutive interest-rate cut as weak economic growth eclipsed concerns about inflationary risks.

(Bloomberg) — Serbia may take advantage of signs headline inflation is easing to cut interest rates to the lowest level in almost two years after policymakers held the benchmark last month.

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%.

TDS expects the MPC to cut Bank Rate by 25bps with a 7-2 majority, and leave guidance relatively unchanged, implying a cautious approach to further cuts.

The EUR/GBP cross extends its decline to around 0.8345 during the early European session on Wednesday.

GBP/JPY extends its gains for the second successive session, trading around 198.30 during the European hours on Wednesday.

KUALA LUMPUR: Malaysia's central bank kept its benchmark interest rate unchanged on Wednesday (Nov 6), in line with market expectations, amid a positive economic growth outlook and steady inflation. At its final policy meeting of 2024, Bank Negara Malaysia (BNM) maintained its overnight policy rate at 3.00