google-site-verification: googlec7193c3de77668c9.html

Interest rates cut for first time in more than four years | Business News


The Bank of England has cut interest rates for the first time in more than four years.

The rate has been cut from 5.25% to 5%.

The Bank’s Monetary Policy Committee (MPC) had previously held the rate seven times in a row.

It comes after inflation recently fell back to the Bank’s target of 2%.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.


Source link

Views: 4

See also  US government considers whether to criminally prosecute Boeing

Check Also

Puffin and bumblebee among 18 creatures shortlisted to feature on banknotes

The Bank of England is asking the public which animals should appear on future banknotes. …

Three quarters of workers not on track for ‘moderate’ pension income, report suggests

Ministers, and the commission’s interim report, suggested that people were not saving enough for retirement, …

Microsoft says new quantum chip 1,000 times more reliable than predecessor

The tech giant predicts it will have a quantum computer that can solve commercially useful …

Leave a Reply

Available for Amazon Prime
Lexonads | free ad network | automated website traffic.