The Bank of England decided in its meeting on Thursday to cut the interest rate by 25 basis points to 4.25%, in line with expectations.
Economic projections indicate that the Bank of England is likely to reduce its benchmark interest rate to 4.25% at its upcoming meeting. This anticipated move aims to ease borrowing costs and support domestic economic activity amid increasing external pressures, particularly those stemming recent U.S. trade tariffs.
The Bank of Englands Monetary Policy Committee MPC sets monetary policy to meet the 2% inflation target, an
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