It's the central bank's first rate cut since the onset of the Covid-19 pandemic
BoE wonders whether to cut rates as figures hold steady, defying expectations
The central bank kept its rate steady even though inflation has fallen to its 2% target
Conservative Party seizes on news as proof its economic plan is working
Consumer price index shows inflation’s fall to lowest level in nearly three years but still above Bank of England's target
While the British economy grew by 0.6% in the first quarter, it has barely grown over the past year
U.K. inflation is forecast to fall below target in the near term
Easing prices, including for food, pave the way for a welcome cut in interest rates soon
Tom Hayes said his case is “not consistent” with laws in France, Germany and the U.S.
With the cost-of-living crisis abating, the Bank of England expected to start cutting interest rates soon