Modest UK economic growth to lead Bank of England to cut rates gradually: Reuters poll

Modest UK Economic Growth to Lead Bank of England to Cut Rates Gradually: Reuters Poll

Modest UK economic growth to lead Bank of England to cut rates gradually: Reuters poll

The British economy will grow a mild 1% this year with the Bank of England set to cut interest rates two more times in 2025, according to economists polled by Reuters, little changed from previous projections despite tariff uncertainty.

How the Bank of England base rate affects your businesses

The Bank of England base rate has a significant impact on the economy in the UK – and a direct effect on the cost of doing business.  The Bank of England Monetary Policy Committee meets several times a year to decide on the base interest rate. Learn how this affects your business and what you can do to prepare for higher interest rates.  What is the Bank of England base rate? The Bank of England (BoE) base rate is set by the UK’s central bank. T…