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Bank of England cuts interest rates to 4.25%

Video Credit: ODN - Duration: 00:32s - Published
Bank of England cuts interest rates to 4.25%

Bank of England cuts interest rates to 4.25%

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.

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Bank of England Bank of England Central bank of the United Kingdom

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Credit: ODN    Duration: 00:55Published
Bank of England cuts interest rate to 4% [Video]

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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

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Mel Stride Mel Stride British politician (born 1961)

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Credit: ODN    Duration: 01:02Published
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Labour Party (UK) Labour Party (UK) Political party in the United Kingdom

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