Bank of England issues inflation warning but cuts interest rate to 4%
Wednesday, 6 August 2025 () The Bank of England has cut interest rates for the fifth time in a year to 4% but warned that climbing food prices will cause inflation to jump higher this year.
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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Wednesday, 6 August 2025 ()
The Bank of England has cut interest rates for the fifth time in a year to 4% but warned that climbing food prices will cause inflation to jump higher this year.
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