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

Thursday, 1 August 2024 (9 hours ago)
The market reaction to today's interest rate cut from the Bank of England has been very interesting indeed.

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Video Credit: ODN - Published 9 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...

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Bank of England Central bank of the United Kingdom

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