Bank of England rate-setter argues bigger cut was warranted
Monday, 10 February 2025 () A member of the Bank of England's rate-setting committee has made a case for a steeper cut to interest rates on expectations that an inflation "hump" ahead will be temporary.
Keir Starmer was touring the UK National Nuclear Laboratory in Preston when the Bank of England halved its 2025 growth forecast, cut interest rates for the third.. Sky News
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