๐Ÿšจ BREAKING: Bank of England Cuts Interest Rate by 25bps โ€” Governor Bailey Signals Cautious Easing Ahead ๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ“‰

In a major shift, the Bank of England has slashed its key interest rate by 25 basis points, marking its first rate cut since the tightening cycle began.

๐Ÿฆ Governor Andrew Bailey has spoken moments ago:

โ€œInflation is falling, but weโ€™re not declaring victory yet. Todayโ€™s cut supports the economy โ€” future moves will depend on the data.โ€

๐Ÿ”น Inflation still above target

๐Ÿ”น Labor market showing mixed signals

๐Ÿ”น Markets now eye further cuts by year-end

This move brings the BoE in line with global peers pivoting toward policy easing as growth concerns rise.

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