Bank of England Lowers Key Interest Rates by 25 Bps to 3.75%

The Bank of England cuts interest rates by 25 bps to 3.75% after a tight vote, aiming to balance economic growth and inflation concerns.

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Bank of England Lowers Key Interest Rates by 25 Bps to 3.75%

Bank of England Lowers Key Interest Rates by 25 Bps to 3.75%
The Bank of England has reduced its key interest rate by 25 basis points to 3.75% following a tight vote. The decision comes amid ongoing concerns about inflation and economic growth, with policymakers divided on the rate cut. The central bank aims to strike a balance between supporting economic growth and controlling inflation, with future decisions likely dependent on inflationary pressures and market conditions.
Companies:
  • Bank of England