Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war fallout
- Explainer: what does it mean for mortgages and savings?
- Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertain
- Business live – latest updates
Bank of England policymakers have cut interest rates by a quarter point to 4.25% to cushion the UK economy against the impact of rising economic uncertainty.
The widely expected move from the Bank’s monetary policy committee (MPC), its fourth cut since last August, also carried a warning that the UK economy would slow by a further 0.3% over the next three years in addition to dramatic cuts to its forecasts made earlier this year.
Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war falloutExplainer: what does it mean for mortgages and savings?Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – latest updatesBank of England policymakers have cut interest rates by a quarter point to 4.25% to cushion the UK economy against the impact of rising economic uncertainty.The widely expected move from the Bank’s monetary policy committee (MPC), its fourth cut since last August, also carried a warning that the UK economy would slow by a further 0.3% over the next three years in addition to dramatic cuts to its forecasts made earlier this year. Continue reading… Interest rates, Bank of England, Economics, Business, Economic policy, Trade policy, Economic growth (GDP), UK news, Tax and spending, Inflation, Trump administration, Trump tariffs, Tariffs, Rachel Reeves, Global economy, International trade, Politics, US politics, US news Business | The Guardian
