Bank of England cuts interest rates to 4.5%, sees higher inflation and weaker growth
- Posted on February 6, 2025
- By Business News Today
- 2 Views
Bank of England cuts interest rates to 4.5%, sees higher inflation and weaker growth
Bank of England rate cut: The Bank of England lowered its interest rate by a quarter percentage point to 4.5%, with two officials advocating for a larger cut to 4.25%. The bank noted revised inflation forecasts and weaker growth, signaling a cautious approach to future rate adjustments amid economic uncertainties.
