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Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall further

Latest reduction comes amid weak growth and pressures on housing affordability

Central bank has slashed borrowing costs five times this year in an effort to combat unemployment and boost growth

Choice extends trend of senior ex-Treasury officials moving to the UK’s central bank

Central bank opts for smaller inflation surge and milder global GDP drop in its modelling requirements

Quarter-point reduction forecast even as short-term inflation pressures are set to increase

Penalty is second-largest imposed by Prudential Regulation Authority

Revised economic estimates come as blow to Labour and stoke stagflation fears

Central bank warns that restrictive policy will have to remain for ‘extended period’ despite bleak economic outlook