๐Ÿšจ Bank of England Cuts Rates Again โ€” $XRP , $ETH , and $SOL Surge

๐Ÿ“ข In a move signaling a shift in global monetary policy, the Bank of England has lowered its benchmark interest rate by 25 basis points, bringing it down to 4.00%. The decision, passed by a narrow 5-4 vote, reflects a "gradual and careful" approach to combating inflation while supporting economic growth.

๐Ÿ’ฌ Governor Andrew Bailey stressed the importance of measured rate cuts, while the BoE reaffirmed its commitment to the 2% inflation target.

๐ŸŒ Meanwhile, markets are reacting fast โ€” crypto assets like XRP, ETH, and SOL rallied on the news, as investors eye potential U.S. Federal Reserve moves next.

๐Ÿ”‘ Key Highlights:

โ–ซ๏ธ BoE rate cut to 4.00%

โ–ซ๏ธ Forward-looking disinflation strategy

โ–ซ๏ธ Positive crypto market response

โ–ซ๏ธ Market now watching the U.S. Fedโ€™s next move

๐Ÿ“Š This decision underscores the growing connection between central bank policies and digital asset markets. Are we seeing the early signs of a global rate-cut-driven bull cycle in crypto?

#BankofEngland #CryptoMarkets #XRP #Ethereum #Solana

https://coingape.com/xrp-eth-sol-soar-as-bank-of-england-lowers-interest-rate-is-u-s-next/?utm_source=bnb&utm_medium=coingape