The Bank of England has minimize the rate of interest for the fifth time in a yr to 4% – its lowest stage since March 2023.
After the choice was introduced, the Bank of England Governor Andrew Bailey gave a information convention.
He stated: "We’ve cut interest rates today, but it was a finely balanced decision. Interest rates are still on a downward path, but any future cuts will need to be made gradually and carefully."
#bankofengland #interestrates #uknews #ukeconomy #skynews
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