Bank of England cuts interest rates to 4.25% amid mounting challenges

Markets had been forecasting a 25bps cut this month given April's NIC rise

Sorin Dojan
clock • 4 min read
Bank of England cuts interest rates to 4.25% amid mounting challenges

The Bank of England (BoE) has cut interest rates by 25 basis points to 4.25% in its third meeting of the year.

The Monetary Policy Committee (MPC) members have voted by a slight majority of five to four to cut rates. Among the dissenting voices, two preferred a much larger 0.5% cut to 4%, while the other...

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