Bank of England Cuts Key Rate to 4% in Fifth Reduction Since 2024
Thursday, 7 August 2025 () On August 7, 2025, the Bank of England cut its key interest rate to 4%, the fifth reduction since 2024, amid sluggish growth, 4.4% unemployment, and inflation concerns. The 5-4 vote, following a rare re-vote, aids borrowers but pressures savers. This move balances economic stimulation against inflation risks.
Bank of England governor Andrew Bailey announces an interest rate cut from 4.25% to 4%, adding that inflation is expected to hit 4% in September. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Join Darren McCaffrey as the UK's unemployment rate has risen to a four-year high, in a surprise deterioration that boosts the case for a Bank of England interest rate cut.
Thursday, 7 August 2025 ()
![UK unemployment rises for the fifth consecutive month to a four year high | Business Live [Video]](https://video.newsserve.net/300/v/20250717/1752749588-UK-unemployment-rises-for-the-fifth-consecutive-month.jpg)
