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Sky's Ed Conway explains what interest rate cut means
Posted
February 6, 2025
Views
21,535
Likes
134
Comments
48
Engagement
0.85%
February 6, 2025
21,535
134
48
0.85%
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5:14Now PlayingHouseholds can expect more interest rate cuts in the months to come, after two members of the Bank's Monetary Policy Committee said they would have preferred to reduce rates even more, Sky's Ed Conway says.
Could this "significant" move be a sign the Bank of England will cut rates again soon, he asks.
Interest rates are now down from 4.75% to 4.5% - the lowest base rate since June 2023
#interestrates #ukeconomy #skynews
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