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International Business Times UK
International Business Times UK
World
David Unyime Nkanta

Bank of England Cuts Interest Rates to 4% — Is This the Calm Before the Storm?

Bank of England Interest Rates Inflation Monetary Policy Monetary Policy Committee Moneyfacts
Bank of England (Credit: Google)

In a closely watched decision on Thursday, the Bank of England (BoE) lowered its base rate by 25 basis points—from 4.25% to 4%—marking its lowest level since March 2023.

The move, while widely expected, was anything but unanimous, exposing deep divisions within the Bank's Monetary Policy Committee (MPC) and raising questions about the UK's economic direction.

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