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Bank of England Cuts Rates Again Amid Inflation Woes

8/10/2025

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Summary

Story summary

In a surprising move, the Bank of England has lowered interest rates from 4.25% to 4%, following a divided vote within its Monetary Policy Committee. This marks the third cut this year, as the bank seeks to invigorate economic growth despite inflation concerns, projected to reach 4% in September due to soaring food and energy costs.

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Story summary

In a surprising move, the Bank of England has lowered interest rates from 4.25% to 4%, following a divided vote within its Monetary Policy Committee. This marks the third cut this year, as the bank seeks to invigorate economic growth despite inflation concerns, projected to reach 4% in September due to soaring food and energy costs.