Bank of England cuts interest rates to 4.75%
The Bank of England has cut interest rates from 5% to 4.75%.
The Bank of England’s Monetary Policy Committee (MPC), who set interest rates voted as follows:
- 8 members voted to decrease interest rates to 4.75%.
- 1 member voted to keep interest rates at 5%.
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All information is correct as at 07/11/24.