Businesses have cut jobs at the fastest pace in almost four years, according to a closely-watched Bank of England survey which also paints a worrying picture for.. Sky News
Bank of England governor Andrew Bailey says cutting the interest rate from 4.25% to 4% was a "finely balanced decision". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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
Thursday, 6 February 2025
The Bank of England has cut interest rates by another quarter percentage point, bringing down the cost of borrowing to 4.5%.
![Bailey: Interest rate cut was a finely balanced decision [Video]](https://video.newsserve.net/300/v/20250807/1418888786-Bailey-Interest-rate-cut-was-finely-balanced.jpg)
![Bailey: Uncertainty about path of future interest rates [Video]](https://video.newsserve.net/300/v/20250807/1418872204-Bailey-Uncertainty-about-path-of-future-interest-rates.jpg)
![Bank of England cuts interest rate to 4% [Video]](https://video.newsserve.net/300/v/20250807/1418868092-Bank-of-England-cuts-interest-rate-to.jpg)
