Uncertainty about path of future interest rate, says Bank of England's Andrew Bailey
The Bank of England has cut the interest rate for the fifth time in a year from 4.25% to 4% - its lowest level since March 2023.
Thursday 7 August 2025 15:48, UK
Bank of England Governor Andrew Bailey spoke after the interest rate was cut to 4%, warning food price rises would cause inflation to jump higher this year.
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