Bank of England cuts rates to 4.5%, boosting FTSE 100, but predicts slower growth and higher inflation.
The Bank of England cut interest rates to 4.5%, leading the FTSE 100 to a record high. However, the MPC also lowered the UK's growth forecast for 2025 to 0.75% and predicted higher inflation rates. This decision reflects the Bank's cautious approach to support the economy but signals ongoing economic challenges, including stagnating growth and rising costs.
2 months ago
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