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Bank of England cuts interest rates to 4.25%, as governor welcomes US tariff deal news
The Bank also forecast a significant slowing of the US economy hit by its own tariffs. The Bank also said the impact of the National Insurance was "fairly small to date". The Bank of England has cut interest rates from 4.5% to 4.25%. We'll bring you more on this shortly, including the breakdown of how the Bank's committee voted. Stay with us.
The base rate also dictates the interest rates offered by banks on savings accounts, meaning these are likely to fall.
Inflation is likely to remain stubbornly high this year, the National Institute of Economic and Social Research said as it ...
In exchange, the U.K. will ease trade barriers targeting a set of products, including ethanol, beef and machinery, among ...
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