India  
 
NewsR.in

Why the Bank of England slashed its growth forecasts

City A.M. Thursday, 6 February 2025
Why the Bank of England slashed its growth forecastsThe Bank of England delivered Chancellor Rachel Reeves a mixed blessing on Thursday. Alongside cutting interest rates by 25 basis points, Bank officials halved the UK’s expected growth rate in 2025 to 0.7 per cent from a previous estimate of 1.5 per cent. This will come as a blow to Reeves, who has staked her [...]
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Bank of England cuts interest rates to 4.5% [Video]

Bank of England cuts interest rates to 4.5%

The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in..

Credit: ODN     Duration: 00:46Published