Interest rates cut for first time in over four years

Thursday, 1 August 2024 (13 hours ago)

Interest rates cut for first time in over four years

The Bank of England has decided to reduce interest rates from a 16-year high of 5.25% to 5%.

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Video Credit: ODN - Published 13 hours ago

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...

💡 newsR Knowledge: Other News Mentions

Bank of England Central bank of the United Kingdom

How the interest rate cut has served up a political problem for the new chancellor

The market reaction to today's interest rate cut from the Bank of England has been very interesting indeed.
Sky News 13 hours ago

Interest rates cut for first time in more than four years

The Bank of England has cut interest rates for the first time in more than four years.
Sky News 17 hours ago

Bank of England rate cut expected as Fed holds again

The Bank of England will implement its first interest rate cut since 2020 at midday on Thursday, if financial markets and many economists are right, hours after..
Sky News 2 days ago

Mortgage market 'robust' ahead of interest-rate decision

The number of mortgage approvals in the UK was "broadly stable" last month, the Bank of England has said.
Sky News 4 days ago

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Interest rates cut for first time in over four years

Chancellor welcomes interest rates cut 00:23

💡 newsR Knowledge: Other News Mentions

Bank of England Central bank of the United Kingdom

How the interest rate cut has served up a political problem for the new chancellor

Interest rates cut for first time in more than four years

Bank of England rate cut expected as Fed holds again

Mortgage market 'robust' ahead of interest-rate decision

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