Bank of England cuts rates for first time since 2020
Thursday, 1 August 2024 () LONDON - The Bank of England cut interest rates from a 16-year high on Thursday after a tight vote by policymakers who were split over whether inflation pressures had eased sufficiently.
The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that...
European Central Bank , Cuts Interest Rates.
The action was confirmed on June 6 at
the central bank's meeting, CNBC reports. .
The European Central Bank's (ECB) key
rate will go from 4% down to..
Credit: Wibbitz Top Stories Duration: 01:31Published
Thursday, 1 August 2024 ()
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