๐จ BREAKING: Bank of England Cuts Interest Rate by 25bps โ Governor Bailey Signals Cautious Easing Ahead ๐ฌ๐ง๐
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.
๐ฆ Governor Andrew Bailey has spoken moments ago:
โInflation is falling, but weโre not declaring victory yet. Todayโs cut supports the economy โ future moves will depend on the data.โ
๐น Inflation still above target
๐น Labor market showing mixed signals
๐น 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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