Britain's vote to leave the European Union is already taking its toll on the British economy, raising speculation that the Bank of England will on Thursday decide to reduce its main interest rate to a record low.

Topics:  european union   british   bank   england   rate   
BING NEWS:
  • U.K. Pay Increases Slow Again as Bank of England Mulls Further Rate Cuts
    U.K. wages rose at a slower pace in September, opening the way for further rate cuts from the Bank of England. Average U.K. weekly earnings, not including bonuses, were 4.8% higher on year over the ...
    11/11/2024 - 6:26 pm | View Link
  • Bank of England is set to cut interest rates despite potential new inflation worries
    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% LONDON -- The Bank of England cut its main ...
    11/6/2024 - 12:14 pm | View Link
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