Bank of England slashes interest rates to 4.5%, halves 2025 growth forecast amid rising inflation
- Posted on February 6, 2025
- By Business News Today
- 6 Views
Bank of England slashes interest rates to 4.5%, halves 2025 growth forecast amid rising inflation
Bank of England has cut interest rates to 4.5%, its lowest since June 2023, as it halves the UKs 2025 growth forecast to just 0.75%. The decision comes amidst inflationary pressures, with forecasts showing a peak of 3.7% this summer.
