The Bank of England has cut interest rates for the first time since the start of the Covid pandemic, easing some pressure on households and businesses struggling in the cost of living crisis.

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Bank of England cuts interest rate for first time in four years but it was the closest call

Bank of England cuts interest rates for first time in four years in boost for homeowners - UK politics live

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Bank of England cuts interest rates for first time in four years – UK politics live

The Bank of England has faced calls to cut its base interest rate from 5.25% since inflation fell to its target of 2% in May 2024 - this is the first time in four years the rate has been cut

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Interest rates cut to 5% by Bank of England in relief for mortgage holders

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years

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The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years.

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Bank of England cuts interest rate for the first time in four years

The Bank of England cut interest rates for the first time since early 2020 and signalled further cautious reductions ahead, offering some relief to households after a year of the UK's highest borrowing costs for a generation.

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Bank of England cuts interest rates for the first time in four years

Five were in favor of the cut, while another four voted to keep interest rates unchanged

Cinco foram favoráveis ao corte, enquanto outros quatro votaram por manter os juros inalterados

Banco da Inglaterra reduz taxa de juros em 0,25 ponto percentual, para 5% ao ano, em decisão dividida

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Bank of England lowers interest rate by 0.25 percentage point to 5% per year in split decision

By Hanna Ziady, CNN London (CNN) — The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years. — This is a developing story and will be updated. The-CNN-Wire™ & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

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By Hanna Ziady, CNN London (CNN) — The Bank of England cut interest rates Thursday for the first time since the start of the pandemic, providing some relief to households squeezed by the highest borrowing costs in 16 years. The decision takes the benchmark interest rate in the United Kingdom to 5% from 5.25%, where it had stood since September following the longest-running series of successive rate hikes in at least a century. The knife-edge dec…

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Bank of England cuts interest rate for first time in four years, but it was the closest call

The Bank of England cut interest rates from a 16-year high today after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently.

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Bank of England cuts rates for first time since 2020

UK interest rates have been cut for the first time in more than four years, releasing some pressure on borrowers as the Bank of England was encouraged by signs that inflation has slowed.

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Bank of England cuts interest rate to 5% in first drop since 2020

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Bank of England cuts interest rates to 5% in first reduction since March 2020

Bank of England cuts interest rates to 5% in first reduction since March 2020

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