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Bank of England cuts interest rates to 4.25%
By Abigail Townsend
Date: Thursday 08 May 2025
(Sharecast News) - The Bank of England lowered interest rates to 4.25% on Thursday, as widely expected, its second cut so far this year.
In a surprisingly tight vote, the Monetary Policy Committee agreed by a majority of 5 to 4 in reduce the cost of borrowing by a quarter point.
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