Bank of England cuts interest rates in historic vote
Thursday, 7 August 2025 () The Bank of England has cut interest rates to four per cent in an unprecedented double vote as Monetary Policy Committee members clashed on the impacts of a crumbling jobs market and higher food prices. Monetary Policy Committee (MPC) members were told to vote a second time after four members voting for a 25 basis [...]
Bank of England governor Andrew Bailey announces an interest rate cut from 4.25% to 4%, adding that inflation is expected to hit 4% in September. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Thursday, 7 August 2025 ()
The Bank of England has cut interest rates to four per cent in an unprecedented double vote as Monetary Policy Committee members clashed on the impacts of a crumbling jobs market and higher food prices. Monetary Policy Committee (MPC) members were told to vote a second time after four members voting for a 25 basis [...]
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