📰 News Alert...

🔖 Title: Bank of England Cuts Interest Rates Amid Economic Uncertainty

🗓️ Published: 2025-05-08T21:31:44+03:00

📄 Summary: In a significant move to bolster the struggling UK economy, the Bank of England has lowered interest rates by a quarter point to 4.25%. This marks the fourth interest rate cut since August last year, prompted by a series of disappointing economic indicators and the ongoing impact of trade tensions exacerbated by U.S. tariffs. The central bank has also projected further economic slowdown, estimating a 0.3% decline over the next three years, raising concerns about the future economic landscape.

🔗