Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Anna Wise

Interest rates: Why have they been cut and what does it mean?

The Bank of England has cut interest rates to 4.25%, its lowest level in two years (Dominic Lipinski/PA) - (PA Wire)

The Bank of England has cut interest rates to 4.25%, its lowest level in two years.

It marks the second time this year that rates have been reduced, thanks to the overall inflation rate falling in recent months.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.