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Bank of England governor Andrew Bailey holds news conference after interest rate cut
Posted
August 7, 2025
Views
11,951
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August 7, 2025
11,951
68
29
0.81%
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1:01:06Now PlayingBank of England Governor Andrew Bailey holds a news conference after the bank’s Monetary Policy Committee announced its latest interest rate decision.
The Bank of England has cut interest rates for the fifth time in a year to 4% as it warned that climbing food prices would cause inflation to jump higher this year.
In a tight decision after members of the rate setting committee had to vote twice to break a deadlock, the Bank cut the interest rate to the lowest level in more than two years.
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