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@ tzongocu
2025-05-08 18:31:51
📰 News Alert...
🔖 Title: Bank of England Cuts Interest Rates Amid Economic Uncertainty
🗓️ Published: 2025-05-08T21:31:44+03:00
📄 Summary: In a significant move to bolster the struggling UK economy, the Bank of England has lowered interest rates by a quarter point to 4.25%. This marks the fourth interest rate cut since August last year, prompted by a series of disappointing economic indicators and the ongoing impact of trade tensions exacerbated by U.S. tariffs. The central bank has also projected further economic slowdown, estimating a 0.3% decline over the next three years, raising concerns about the future economic landscape.
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https://www.theguardian.com/business/2025/may/08/uk-interest-rate-cut-bank-of-england-uk-economy-trump-tariffs
🗞️ Source: The Guardian
💓 #BankofEngland #InterestRates #UKEconomy