According to Moneyfacts Compare, 80% of the UK’s savings accounts pay interest at above-inflation rates. The MPC’s next rate-setting decision takes place on 9 May 2024.

The FT global inflation and interest rates tracker provides a regularly updated visual narrative of consumer price inflation and central bank policy rates around the world. Some content could not ...

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell ...

The quarterly figure is good news because inflation is now within the Reserve Bank's 2 to 3 per cent target for the first time in three years. This makes an interest rate cut in 2024 a live option ...

Following the favourable inflation and wage data, we are changing our interest rate projections ... there is considerable uncertainty involved. The UK continues to have elevated services inflation ...