Bank of England’s MPC has lowered the bank rate by 0.25 percentage points to 4.5 per cent to meet its 2 per cent inflation target and support economic growth.
Despite significant disinflation progress, CPI inflation remains above target at 2.5 per cent, influenced by ongoing domestic and global challenges.
The UK’s economic growth has been sluggish, but a recovery is expected by mid-2025.
Despite significant disinflation progress, CPI inflation remains above target at 2.5 per cent, influenced by ongoing domestic and global challenges.
The UK’s economic growth has been sluggish, but a recovery is expected by mid-2025.
