bank-of-england / English

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It's looking like a racing certainty that interest rates will be cut this summer, and hopefully, in time to celebrate next month's Midsummer's Day.

Bank of England deputy governor Ben Broadbent (pictured) said a rate cut is 'possible' this summer with figures expected to show inflation close to 2%.

Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.

The Bank of England tells struggling firms to pass on higher costs to customers, signalling inflation being less sticky

Trends in the economy could be pointing towards lower interest rates very soon

Ben Broadbent said a cut in borrowing costs is "possible" this summer if economic conditions align with expectations

The UK interest rate currently sits at a 16-year-high of 5.25% after it had been increased by the Bank of England's Monetary Policy Committee over the past two years in a bid to tackle inflation

Ben Broadbent says direct impact of Covid and Ukraine war on inflation has faded and BoE is waiting for longer-term effects to decline

The UK interest rate currently sits at a 16-year-high of 5.25%.

The UK interest rate currently sits at a 16-year-high of 5.25%.

The UK interest rate currently sits at a 16-year-high of 5.25%.

The UK interest rate currently sits at a 16-year-high of 5.25%.

A group of 44 Tory MPs have criticised the Bank’s handling of inflation and quantitative tightening, saying it has cost taxpayers thousands.

A group of 44 Tory MPs have criticised the Bank’s handling of inflation and quantitative tightening, saying it has cost taxpayers thousands.

A group of 44 Tory MPs have criticised the Bank’s handling of inflation and quantitative tightening, saying it has cost taxpayers thousands.

A group of 44 Tory MPs have criticised the Bank’s handling of inflation and quantitative tightening, saying it has cost taxpayers thousands.