Bank of England cuts interest rates to 5% in first reduction since March 2020
- The Bank of England cut interest rates for the first time since March 2020, lowering them to 5% from 5.25%.
- The decision was made by a 5-4 vote within the Monetary Policy Committee, reflecting a cautious approach.
- Governor Andrew Bailey emphasized the need for careful rate management to sustain low inflation and economic growth.
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Coverage Details
Total News Sources0
Leaning Left21Leaning Right13Center7Last UpdatedBias Distribution51% Left
Bias Distribution
- 51% of the sources lean Left
51% Left
L 51%
C 17%
R 32%
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