Monetary Policy Committee

The Bank of England has reduced interest rates to 4.5%, the lowest since June 2023, to ease financial burdens on borrowers as the UK economy faces sluggish growth and rising inflation. The Monetary Policy Committee's decision comes with a downgraded growth forecast for 2025, highlighting ongoing economic challenges.

The Bank of England has reduced interest rates to 4.5%, the lowest since June 2023, aiming to stimulate economic growth amidst a challenging outlook. This decision, part of a series of cuts, reflects concerns over sluggish growth and inflationary pressures, with further reductions anticipated.