Bank of England Cuts Interest Rate By 25 Basis Points
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Source: Coinmarketcap
Interest Rate Cut: The Bank of England has reduced interest rates by 25 basis points from 5.25% to 5.0%, marking the first cut in four years amid rising inflation.
Future Rate Policy: Governor Andrew Bailey indicated that while the rate has been cut, future reductions will not be frequent, contrasting with the US Federal Reserve's decision to maintain its rate at 5.25%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
