Publisher: Maaal International Media Company
License: 465734
Thursday, 7 August 2025
BOE cuts interest rates by 25 basis points to 4%, in line with expectations
The Bank of England announced a 25 basis point cut in interest rates to 4%, in line with expectations. The decision came after five members voted for the cut, while four members chose to maintain the interest rate.
The bank forecast that the consumer price index would reach 2% within two years, while food price inflation would peak at around 5.5% by the end of 2025, compared to 4.5% in June.
Articles
© 2025 All rights reserved to Maaal Newspaper