Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock • 4 min read
Bank of England meets expectations and cuts rates to 4%

Interest rates have been cut to 4% by the Bank of England (BoE) Monetary Policy Committee (MPC) in a move that was forecasted.

So far, the BoE has opted to cut rates twice this year (February and March) while holding at the last one in June. Now the 4% rate cut means that interest rates have fallen to the lowest level i...

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