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Interest rates cut for first time in more than four years

Sky News Thursday, 1 August 2024
The Bank of England has cut interest rates for the first time in more than four years.
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Video Credit: ODN - Published
News video: Chancellor welcomes interest rates cut

Chancellor welcomes interest rates cut 00:23

 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...

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

UK budget dims prospect of aggressive rate cuts, say economists

 Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government's recent budget, economists have..
Sky News
Bailey optimistic Bank of England can cut rates further [Video]

Bailey optimistic Bank of England can cut rates further

Bank of England governor Andrew Bailey has said he is "optimistic" that inflation pressures would ease sufficiently for the central bank to cut rates further. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:28Published

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