The Bank of England has announced its rate cut of 0.25 percentage points, reducing the base rate from 5 per cent to 4.75 per cent. The decision, voted 8-1 by the Monetary Policy Committee, is the second rate cut to be announced by Threadneedle Street since the inflation crisis began.
Markets were expecting a rate cut today, after the Bank held rates in September.
Already a subscriber? Log in
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Black Friday sale
Subscribe today and get 10 weeks of The Spectator Australia for just $1
SUBSCRIBEAlready a subscriber? Log in