Bank of England cuts interest rates to 4.5% as it downgrades growth forecast
The Bank voted to reduce the cost of borrowing on Thursday, but slashed its growth forecasts for the UK economy.
![Bank of England cuts interest rates to 4.5% as it downgrades growth forecast](https://static.independent.co.uk/2025/02/06/13/8cf85e1ecbed6b4960914fe6dccfade9Y29udGVudHNlYXJjaGFwaSwxNzM4OTMzNTI4-2.78924691.jpg?width=1200&auto=webp#)
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