India  
 
NewsR.in

Bank of England cuts interest rate by 25 bps amid global trade uncertainty

IndiaTimes Thursday, 8 May 2025 ()
The Bank of England has reduced interest rates to 4.25 percent. This decision follows worries about a global economic slowdown. The slowdown is due to trade policies. These policies are from the Trump administration. A US-UK trade deal is expected. Economists think the rate cut will protect against external demand shocks. Other central banks are also shifting policies.
0
shares		ShareTweetSavePostSend
 
Video Credit: ODN - Published
News video: Chancellor welcomes interest rate cut

Chancellor welcomes interest rate cut 00:30

 Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report...

You Might Like


Related videos from verified sources

BoE Governor 'very pleased' about UK-US trade deal [Video]

BoE Governor 'very pleased' about UK-US trade deal

Andrew Bailey says he is "very pleased" that the UK and the US have reached a trade deal agreement. But the governor of the Bank of England adds the deal will become much more important "if it becomes..

Credit: ODN     Duration: 00:46Published
Bank of England cuts interest rates to 4.25% [Video]

Bank of England cuts interest rates to 4.25%

The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by..

Credit: ODN     Duration: 00:32Published
Trump SLAPS 100% Tariff on Foreign Films, Calls Them a ‘National..’ Amid Hollywood’s ‘Fast..’ [Video]

Trump SLAPS 100% Tariff on Foreign Films, Calls Them a ‘National..’ Amid Hollywood’s ‘Fast..’

Donald Trump has launched a cultural and economic war by slapping a 100% tariff on all foreign-made films. Citing Hollywood’s “fast death” and claiming a national security threat, Trump’s move..

Credit: Oneindia     Duration: 03:19Published

Related news from verified sources

Bank of England cuts rates to 4.25% amid sluggish growth and easing inflation

 The Bank of England reduced its benchmark interest rate by 25 basis points to 4.25% on Thursday, amid subdued economic momentum and easing inflation pressures....
Invezz

Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariff uncertainty

 The Bank of England is cutting its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth...
Upworthy