Trusted News Discovery Since 2008
{{/content}}
Bank of England expected to cut key UK interest rate to 4.50%
Credit: SeattlePI.com- Published on February 6, 2025
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target. Most economists think the nine-member Monetary Policy Committee will lower the bank’s main interest rate by a quarter of a percentage point to 4.50%, taking it to its...
Video credit: ODN
Published on February 6, 2025 - 00:46
Bank of England cuts interest rates to 4.5%
The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn