Interest rate cut to lowest level in more than two years

Andrew Bailey, governor of the Bank of England, said: "We've cut interest rates today, but it was a finely balanced decision. Interest rates are still on a downward path, but any future cuts will need to be made gradually and carefully."

Thursday 7 August 2025 12:29, UK

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The Bank of England has cut the interest rate to the lowest level in more than two years.
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