Story perspectives
Bank of England Poised to Cut Rates Amid Economic Slump
7/12/2025
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Story summary
- The Bank of England may lower interest rates next month amid economic contraction.
- Money markets show an 89% probability of reducing the Bank Rate from 4.25% to 4% in August.
- UK GDP fell by 0.1% in May, following a 0.3% decline in April.
- Retail sales declined significantly due to higher National Insurance contributions and minimum wage increases.
