Advertisement

Bank of England

The Bank of England plays a key role in the UK jewellery industry through its influence on interest rates, inflation, currency strength, and economic policy. These factors directly impact consumer spending, raw material costs, financing, and price strategies for jewellers and suppliers. Jewellery Focus provides expert coverage of the Bank’s announcements, economic forecasts, monetary policy decisions, and their implications for trade confidence, sourcing expenses, and retail performance. Our reporting helps UK jewellery professionals plan strategically and adapt to shifting macroeconomic conditions.

  • May- 2025 -
    8 May
    NewsBoE cuts interest rates to 4.25%

    BoE cuts interest rates to 4.25%

    The Bank of England (BoE) has cut interest rates to 4.25%, down from the previous rate of 4.5%, marking the fourth rate cut since last year’s peak of 5.25%. At its meeting ending on 7 May, the bank’s monetary policy committee (MPC) voted by a majority of 5–4 to reduce…

    Read More »
  • Mar- 2025 -
    20 March
    Current AffairsBoE holds interest rates at 4.5%

    BoE holds interest rates at 4.5%

    The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last month to its lowest level since June 2023. At its meeting ending on 19 March, the bank’s monetary policy committee (MPC) voted by a majority of 8–1 to maintain the rate at…

    Read More »
  • Feb- 2025 -
    6 February
    EconomyBoE cuts interest rates to 4.5%

    BoE cuts interest rates to 4.5%

    The Bank of England (BoE) has voted to cut interest rates from 4.75% to 4.5%, the lowest level since June 2023, but warned that GDP growth has been “weaker than expected”. At its meeting this week, the bank’s monetary policy committee voted by a majority of 7–2 to reduce the…

    Read More »
  • Dec- 2024 -
    19 December
    EconomyBoE holds interest rates at 4.75%

    BoE holds interest rates at 4.75%

    The Bank of England (BoE) has voted to hold interest rates at 4.75%, following a recent hike in both inflation and wage growth. At its meeting this week, the bank’s monetary policy committee voted by a majority of 6–3 to maintain the current rate. Three members voted to reduce interest…

    Read More »
  • Nov- 2024 -
    7 November
    NewsBank of England cuts interest rates to 4.75%

    Bank of England cuts interest rates to 4.75%

    The Bank of England has cut interest rates for the second time this year, with rates now cut to 4.75%. The bank voted by a majority of 8–1 to reduce Bank Rate by 0.25 percentage points to 4.75%. One member preferred to maintain the previous rate of 5%. It had…

    Read More »
  • Sep- 2024 -
    19 September
    NewsBoE holds interest rates at 5%

    BoE holds interest rates at 5%

    The Bank of England (BoE) has decided to hold interest rates at 5% this month, having lowered them for the first time in four years in August. The bank voted by a majority of 8-1 to keep the rate the same in a bid to help “sustain growth and employment”.…

    Read More »
  • Aug- 2024 -
    1 August
    NewsBoE cuts interest rates for first time in 4 years

    BoE cuts interest rates for first time in 4 years

    The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling to 5%. The bank voted by a majority of 5–4 to reduce the rate by 0.25 percentage points to 5%, marking the first fall in inflation since March 2020, where…

    Read More »
  • Jun- 2024 -
    20 June
    EconomyBoE holds interest rates for 7th consecutive month

    BoE holds interest rates for 7th consecutive month

    Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced. The bank’s MPC voted by a majority of 7–2 to maintain the rate, despite inflation hitting its target and falling to 2% in May.  UK inflation hit its target for the first time…

    Read More »
  • Mar- 2024 -
    6 March
    NewsChancellor cuts NI by a further 2p as part of Spring Budget

    Chancellor cuts NI by a further 2p as part of Spring Budget

    Chancellor Jeremy Hunt has announced a further 2p cut to National Insurance falling from 10% to 8% from 6 April, as part of his Spring Budget for “long-term growth”. The reduction in National Insurance is expected to save the average worker £450 a year, or £350 for those who are…

    Read More »
  • Sep- 2023 -
    21 September
    NewsBank of England keeps interest rates unchanged at 5.25%

    Bank of England keeps interest rates unchanged at 5.25%

    Following 14 straight rate rises, the Bank of England (BoE) has kept interest rates unchanged at 5.25%. At its latest meeting, the Monetary Policy Committee (MPC) voted by a slim majority of 5–4 to maintain the current rate, though four members preferred to increase the rate to 5.5%. The MPC…

    Read More »
Back to top button