BOE Cut Rates by 0.25% as Expected, Two Members Called for 0.50% Reduction
The Bank of England (BOE) reduced its benchmark interest rate by 25 basis points to 4.50%, marking its first rate cut since late 2024 while the MPC minutes revealed a more dovish split than expected.
The Bank of England (BOE) reduced its benchmark interest rate by 25 basis points to 4.50%, marking its first rate cut since late 2024 while the MPC minutes revealed a more dovish split than expected.
