Bank of England cuts interest rate to 5.25 percent
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The Bank of England trimmed its key interest rate by a quarter-point to 5.25 percent on Thursday, the central bank announced, in line with market expectations.
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Bank of England policymakers voted by 7-2 to keep British borrowing costs steady at 5.25 percent in February, minutes of their latest meeting showed on Wednesday.
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The Bank of England has held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase.
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British interest rates were kept at 4.75% today amid signs that five rises over the last year had finally put the brakes on house prices and consumer spending.
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UK interest rates are set to remain on hold at 5% following the Bank of England's latest meeting.
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The Bank of England is generally expected to raise UK interest rates to 5.75% later, to help reduce inflation.
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Bank of England policymakers voted by 7-2 to raise interest rates by a quarter of a percentage point to a five-year peak of 5.00 percent, minutes of their most recent meeting have shown.
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The Bank of England's nine-member monetary policy committee voted unanimously to raise interest rates by 25 basis points to 4.75 percent earlier this month, official records showed.
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Policymakers at the Bank of England voted 6-3 to raise UK interest rates to 5.75% this month, minutes show.
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The Bank of England votes to leave rates unchanged at 5.25% after its two-day meeting.
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Bank of England policymakers voted 9-0 in September to hold the central bank&#39;s key interest rate at 5.75 percent, according to minutes of the meeting published on Wednesday.
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Bank of England policymakers voted 6-3 in favour of raising British interest rates by a quarter-poiont to 5.75 percent in July, minutes of their latest meeting showed on Wednesday.
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The US Federal Reserve holds interest rates at 5.25% as evidence grows of a slowing economy.
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The US Federal Reserve is expected to hold interest rates at 5.25% as evidence grows of a slowing economy.
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The US Federal Reserve is widely expected to keep interest rates at their current level of 5.25% on Thursday.
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The Federal Reserve slashes interest rates to 3.5%, as it aims to reduce the risk of a US recession.
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London equities  ticked lower on Thursday, with the Bank of England&#39;s monetary policy committee increasing interest rates by 25 basis points to 5.75 per cent, in line with expectations.