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 Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at...
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Credit: euronews (in English) Duration: 02:00Published
The Reserve Bank of Australia (RBA) has cut the cash rate to 3.85%, marking the second reduction this year amid declining inflation, now within the 2-3% target.... IndiaTimes
Thursday, 8 May 2025
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