US EditionBank of England Set to Cut Rate as UK Economy Weakens
UNITED KINGDOM, AUG 6 – The Bank of England's 5-4 split vote cuts rates to 4%, the fifth reduction in 12 months, aiming to ease borrowing costs amid economic slowdown and rising inflation.
- The Bank of England is likely to cut the interest rate from 4.25% to 4% in its Monetary Policy Committee meeting on August 7, 2025.
- Experts warn against cutting rates while inflation, particularly food inflation, is rising at the fastest rate in 18 months.
- Halifax reported on new UK house price data showing where costs have increased the most, amidst a marginal rise in the FTSE 100.
- Cutting rates aims to stimulate economic growth by lowering borrowing costs.
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Trump tariffs kick in; Bank of England likely to cut rates – business live - The Guardian
Trump tariffs kick in; Bank of England likely to cut rates – business live The Guardian Article Attribution | Read More at Article Source The post Trump tariffs kick in; Bank of England likely to cut rates – business live – The Guardian appeared first on RocketNews.
Coverage Details
Total News Sources66
Leaning Left11Leaning Right11Center11Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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