Bank of England cuts interest rate by 0.25 pp to 4.25%

The Bank of England today cut its main interest rate by 0.25 percentage point (pp) to 4.25 per cent amid concerns over the potential impact on global growth of the US tariff policies.
The decision comes ahead of a US-UK trade deal, to be announced by President Donald Trump.
Progress on disinflation in domestic price and wage pressures is generally continuing, the central bank noted.Read More