Bank of England trims rate to 4%; signals cautious easing ahead

Aug 8, 2025 - 01:30
Bank of England trims rate to 4%; signals cautious easing ahead

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The Bank of England reduced interest rates to 4% due to economic concerns. This is the fifth cut since August 2024. The move aims to counter rising US tariffs and domestic tax hikes. Inflation rose to 3.6% in June. Growth forecast is slightly up to 1.25%. The decision faced division within the Monetary Policy Committee. Unemployment reached 4.7%.

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