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Bank of England cuts interest rates: Here's what it means for your money

Upworthy Thursday, 8 May 2025 ()
The Bank of England cut interest rates on Thursday in a move likely to bring relief to borrowers, businesses and hard-pressed consumers across the country. The central bank reduced its key interest rate from 4.5% to 4.25% at its latest monetary policy meeting amid a backdrop of lackluster economic…
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News video: Bank of England cuts interest rates to 4.25%

Bank of England cuts interest rates to 4.25% 00:32

The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at...

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