The Bank of England voted to reduce the base rate by 25 basis points at the first MPC meeting of the year, as widely ...

Founded in 1694, the Bank of England (BoE) is the central bank of the United Kingdom (UK). Known as ‘The old lady of Threadneedle Street’, the bank’s mission is "to promote the good of the ...

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".