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Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariffs uncertainty

Upworthy Thursday, 8 May 2025 ()
Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariffs uncertainty
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Video Credit: ODN - Published
News video: Chancellor welcomes interest rate cut

Chancellor welcomes interest rate cut 00:30

 Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report...

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