Bank of England cuts interest rate by 25 bps amid global trade uncertainty
Thursday, 8 May 2025 () The Bank of England has reduced interest rates to 4.25 percent. This decision follows worries about a global economic slowdown. The slowdown is due to trade policies. These policies are from the Trump administration. A US-UK trade deal is expected. Economists think the rate cut will protect against external demand shocks. Other central banks are also shifting policies.
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by..
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The Bank of England reduced its benchmark interest rate by 25 basis points to 4.25% on Thursday, amid subdued economic momentum and easing inflation pressures.... Invezz
The Bank of England is cutting its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth... Upworthy
Thursday, 8 May 2025 ()
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