“Bank of England Cuts Interest Rates for Second Time This Year as Anticipated”

Posted on Thursday, 7 November, 2024

The Bank of England has reduced interest rates for the second time this year, bringing them down to 4.75% as anticipated. Previously set at 5% following a 0.25% reduction in August (the first since 2020), rates were held steady in September. Bank of England Governor Andrew Bailey reassured the public,…