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Bank cuts interest rates and slashes growth forecast

BBC News Thursday, 6 February 2025 ()
Bank cuts interest rates and slashes growth forecastBank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.
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News video: Bank of England cuts interest rates to 4.5%

Bank of England cuts interest rates to 4.5% 00:46

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...

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