The Bank of England has reduced interest rates from another percentage point, which reduced the cost of the loan to 4.5%. And in a sign that households can expect more cuts in the coming months, two members of the BankThe Monetary Policy Committee said they would have preferred to reduce the rates even more, half … Read more
What it means after the Fed cuts interest rates again – CBS News Watch CBS News The Federal Reserve announced Wednesday that it would cut rates by a quarter of a percentage point, representing a one-percentage-point drop since September. CBS News business analyst Jill Schlesinger explains the impact on your finances. Be the first to … Read more
The Bank of England has maintained its forecast for “gradual” interest rate cuts for next year, after surprisingly backing a cut this month. Its pricing committee, while deciding to keep Bank interest rate maintained at 4.75%, noted higher than expected salary increases and inflation despite a slowdown in the economy in the second half. However, … Read more
A third successive interest rate cut has been ordered by the European Central Bank (ECB) to help stem the slowdown in the eurozone. The bank’s board said that while its fight against inflation continued to make real progress, it was also acting to help fuel declining demand in the 20 countries that use the euro. … Read more