Bank of England Cuts Key Rate to 4% in Fifth Reduction Since 2024
Thursday, 7 August 2025 ()
On August 7, 2025, the Bank of England cut its key interest rate to 4%, the fifth reduction since 2024, amid sluggish growth, 4.4% unemployment, and inflation concerns. The 5-4 vote, following a rare re-vote, aids borrowers but pressures savers. This move balances economic stimulation against inflation risks.
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