Bank lowers UK interest rates but warns ‘uncertainty’ about future cuts

The Bank of England has cut borrowing costs to 4% but cautioned over “uncertainty” about future interest rate reductions (John Walton/PA) - (PA Wire)

The Bank of England has cut borrowing costs to 4% but cautioned over “uncertainty” about future interest rate reductions.

The Bank’s Monetary Policy Committee (MPC) chose to reduce interest rates by 0.25 percentage points to its lowest level since March 2023.