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Bank of England rate-setter casts doubt on August cut

Sky News Monday, 8 July 2024
Hopes of a summer interest rate cut have been knocked by a member of the Bank of England's rate-setting committee.
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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 more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:46Published

Interest rate cut - but economic growth forecast slashed in blow to chancellor

 The Bank of England has cut interest rates by another quarter percentage point, bringing down the cost of borrowing to 4.5%.
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