Bank of England cuts rates to 4.25% as disinflation continues
Effects of US tariffs on growth will be smaller in UK than elsewhere, central bank says
The Bank of England cut its benchmark interest rate by 25 basis points to 4.25% as inflation continued to decline, it announced today (May 8).
Bank officials decided that monetary policy would remain tight enough to squeeze out the persistent effects of inflation following the cut. The decision came a day after the US Federal Reserve held rates at the target range of 4.25–4.5%.
Headline inflation dropped to 2.6% in March from 2.8% in February, which the BoE said had given it confidence that price
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Korean officials argue for stablecoin authorisation body
Central bankers warn of currency substitution and monetary policy risks
Tariffs already raising US inflation – Fed study
Researchers say trade policies were starting to affect consumer prices in March
Eurozone monetary policy must remain ‘firmly’ neutral – Schnabel
ECB board member cautions against overreacting to undershooting
Global reset is testing emerging markets – Gopinath
IMF’s deputy managing director says small economies must be ready to respond forcefully to inflation
Peru cuts by 25bp in surprise move
Policy rate now approaching level “estimated as neutral”, central bank says
Albania, Norway, Sweden hold rates, Poland cuts by 50bp
Falling food and energy prices amid high trade uncertainty prompt cautious approaches
Brazil hikes rates again as inflation still above target
BCB tightens by 50bp to 14.75% and leaves next decision open
Fed holds rates as experts sound alarm over stagflation
FOMC says risks have risen on both the employment and inflation sides of its mandate