No change in inflation rate as figure higher than expected

Wednesday, 17 July 2024
There has been no change to the rate of inflation which remained at 2%, the target rate for the Bank of England, according to official figures.

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Bank of England Central bank of the United Kingdom

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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 on January 1, 1970