The Bank's Monetary Policy Committee (MPC) reduced the base rate by 0.25 percentage points to 4 per cent at lunchtime.
Borrowing costs are forecast to fall to 4%, the lowest since early 2023, despite higher inflation.
5 favorevoli e 4 contrari, inflazione resta elevata
Con una risicata maggioranza. L’inflazione resta elevata
Quarter-point reduction expected, with City investors predicting a three-way split among rate setters
Monetary Policy Committee members are likely to vote on a cut down to 4 per cent which will hamper savings but boost the mortgage market
Experts think the Bank's Monetary Policy Committee (MPC) will reduce the base rate by 0.25 percentage points to 4 per cent at lunchtime.
La Bank of England (BoE) ha annunciato, come da attese, un taglio dei tassi d'interesse britannici di un quarto di punto al 4% malgrado i dati sull'inflazione in aumento. (ANSA)
The Bank of England cut interest rates from 4.25% to 4% on Thursday as the central bank resumes a "gradual and careful" approach to lowering interest rates.
Base rate cut by quarter point to 4% amid concern about strength of UK economy
Monetary Policy Committee members have voted on a cut down to 4 per cent which will hamper savings but boost the mortgage market
Reduce al 4% el precio del dinero y se ve obligado a una histórica doble votación para lograr consenso entre sus miembros
In their economic outlook the rate setters see a threat from rising prices of food, energy and business services
Rates are now at their lowest since March 2023 even though inflation is well above target.
The decision to cut interest rates is a significant error that will come back to bite us