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Evening Standard

Anna Wise

Bank of England cuts rates as governor welcomes UK-US trade deal

United Kingdom Bank of England United States Donald Trump Inflation PA Graphics Interest Rates Andrew Bailey

The Bank of England has cut interest rates to 4.25% after a slowdown in inflation, as the central Bank’s chief welcomed a UK-US trade deal.

Interest rates were cut from 4.5% to their lowest level since May 2023, in their fourth reduction over the past year.

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