Story perspectives
Bank of England Eyes Rate Cuts Amid Falling Inflation
6/25/2025
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Story summary
- The Bank of England may lower interest rates to 4.25% on May 8, addressing growth and labor market concerns.
- UK inflation decreased to 2.6% in March, allowing for potential rate cuts before inflation increases again.
- Economists foresee at least two additional rate cuts by 2025, potentially easing mortgage rates for borrowers.
- Average mortgage rates have fallen to 5.26% and 5.13%, down from over 6% in August 2023.
