Bank of England trims rate to 4%; signals cautious easing ahead
Thursday, 7 August 2025 ()
The Bank of England reduced interest rates to 4% due to economic concerns. This is the fifth cut since August 2024. The move aims to counter rising US tariffs and domestic tax hikes. Inflation rose to 3.6% in June. Growth forecast is slightly up to 1.25%. The decision faced division within the Monetary Policy Committee. Unemployment reached 4.7%.
|
||||
|
|
||||
|
||||
You Might Like |
||||
