BREAKING: Bank of England Cuts Interest Rates to 4%
The Bank of England has officially reduced its key interest rate by 25 basis points, bringing it down from 4.25% to 4.00%.
Why this matters:
🔹 This is the fifth rate cut in the past year, signaling a shift in policy.
🔹 The move comes as inflation shows signs of cooling and the UK economy faces slower growth and rising unemployment.
🔹 The decision was split (5–4) within the Bank's committee, showing how divided the outlook still is.
What to watch next:
🔹 Borrowing may become cheaper (good for mortgages).
🔹 Savings returns may drop.
🔹 Markets will closely track upcoming inflation and job data for hints on future cuts.
Stay tuned for more macro updates.
