Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years

Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years

ByThe Associated Press
August 1, 2024, 7:01 AM

LONDON -- Bank of England lowers its main interest rate by 0.25%, to 5%, its first cut since for over 4 years.