Bank of England cuts interest rates to 4.5%

The Bank of England has announced an interest rate cut to 4.5%. CBS News foreign correspondent Ramy Inocencio has more on what that means.

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Bank of England halves growth forecast and cuts rates to 4.5%

Revised economic estimates come as blow to Labour and stoke stagflation fears
Financial Times - 31m
Bank cuts interest rates and slashes growth forecast

Bank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.
BBC News - 33m
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
The New York Times - 2h
Bank of England cuts interest rates to 4.5% and halves UK growth forecast

Latest quarter-point reduction comes with warning households face inflation of 3.7% by autumn. Unambiguously bleak forecasts pave way for spending cuts What does the rate cut mean for ...
The Guardian - 5h
Bank of England expects to cut borrowing costs further after rate cut today – business live

UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound sliding. Bank of England cuts interest rates to 4.5% but halves UK growth ...
The Guardian - 4h
Bank of England expected to cut key UK interest rate to 4.50%

The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target
ABC News - 10h
Bank of England expected to cut rates again as UK economy stagnates

Quarter-point reduction forecast even as short-term inflation pressures are set to increase
Financial Times - 3d
European Central Bank Cuts Interest Rates as Economic Growth Stagnates

The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.
The New York Times - 6d
UK Budget fallout adds to Bank of England dilemma on interest rates

Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort
Financial Times - Jan. 27

Bank of England cuts interest rates to 4.5%

Topics

Related

Bank of England halves growth forecast and cuts rates to 4.5%

Bank cuts interest rates and slashes growth forecast

Bank of England Cuts Rates While Warning of Inflation and Trade War Risks

Bank of England cuts interest rates to 4.5% and halves UK growth forecast

Bank of England expects to cut borrowing costs further after rate cut today – business live

Bank of England expected to cut key UK interest rate to 4.50%

Bank of England expected to cut rates again as UK economy stagnates

European Central Bank Cuts Interest Rates as Economic Growth Stagnates

UK Budget fallout adds to Bank of England dilemma on interest rates

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