Investors believe the Bank of England may need to cut interest rates much further amid signs the UK economy and labor market are losing momentum, according to a survey carried out by the central bank.

British inflation looks on course to return to close to its 2% target by April or May next year, about a year earlier than previously expected, Bank of England Governor Andrew Bailey said on Thursday after the central bank cut interest rates to 3.

Andrew Bailey says workers need to be trained to move into jobs that use AI, but adds it might not lead to mass unemployment.

Artificial intelligence is likely to displace British workers even as it makes the country more productive, Bank of England Governor Andrew Bailey said in his most stark warning yet on the technology’s impact.

Bank Rate Tipped To Fall From 4% To 3.75%  Prices rose by 3.2% in the year to November, down from 3.6% in October, solidifying hopes f

The Monetary Policy Committee (MPC) is widely expected to cut UK interest rates at noon today, down from 4% to 3.75%

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.