Split in Bank of England votes muddies waters as to direction of monetary policy in coming months
- UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut
- Explainer: what does it mean for mortgages and savings?
- Business live – latest updates
Thursday’s interest rate cut to 4.25% is the fourth in a run of reductions that kicked off last August. It represents a fillip for Rachel Reeves, who will hope it helps revive the feelgood factor for gloomy British consumers.
The Bank of England’s nine-member monetary policy committee (MPC) has passed judgment on the impact of Donald Trump’s trade war for the UK – and expects modestly weaker growth and inflation to be the result.
Split in Bank of England votes muddies waters as to direction of monetary policy in coming months UK interest rates fall to 4.25% as Bank of England announces a quarter-point cutExplainer: what does it mean for mortgages and savings?Business live – latest updatesThursday’s interest rate cut to 4.25% is the fourth in a run of reductions that kicked off last August. It represents a fillip for Rachel Reeves, who will hope it helps revive the feelgood factor for gloomy British consumers.The Bank of England’s nine-member monetary policy committee (MPC) has passed judgment on the impact of Donald Trump’s trade war for the UK – and expects modestly weaker growth and inflation to be the result. Continue reading… Interest rates, Business, Bank of England, Consumer affairs, Economics Business | The Guardian
