Sky News
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Interest rate cut for the first time in more than four years to 5%
Posted
August 1, 2024
Views
23,917
Likes
154
Comments
81
Engagement
0.98%
August 1, 2024
23,917
154
81
0.98%
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4:16Now PlayingThe Bank of England has cut the interest rate by a quarter percentage point to 5%.
The Bank's nine-member Monetary Policy Committee voted 5-4 to bring borrowing costs down, bringing to an end the joint-longest plateau for rates since the Bank was granted independence in 1997.
#skynews #interestrates #bankofengland #uk
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