The Bank of England cut interest rates on Thursday after a narrow vote by policymakers, but it signalled that the already gradual pace of lowering borrowing costs might slow further.

Investing.com - U.S. stock futures trade mostly higher Thursday, helped by a positive update from chipmaker Micron, but the release of the latest U.S. inflation data could easily swing sentiment. Europe sees a number of central bank policy meetings, with the Bank of England likely to be the only one to ease monetary policy.

The 25 bp cut on Dec 18 will bring the BOE’s rate to 3.75%, and is suggested as Britain’s ‘neutral rate’ Read more at The Business Times.

UK unemployment climbed to its highest level in almost five years and wage growth eased as a cooling labor market appeared to clear one of the final hurdles to a pre-Christmas interest-rate cut by the Bank of England.

Former British Prime Minister Liz Truss claimed the Bank of England sabotaged her 49-day tenure in 2022, revealing details in an exclusive Fox News Digital interview.

Coverage of the Treasury select committee session on the recent Bank of England monetary policy reports on interest rates and inflation, from Tuesday 9 December.