An expected cut that will take the Bank of England's key interest rate to 4% this week will be merciful relief for an economy ...

The Bank of England is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and to lower it once more ...

The Bank of England has cut its main interest rate by a quarter of a percentage point, citing lower UK inflation. The move, which had been widely expected, brings the main cost of borrowing in ...

The Bank of England was granted independence in 1997 over how it operates, but the government sets the inflation target and appoints the governor. Mr. Bailey’s term does not expire until 2028.