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

By

The Associated Press

August 1, 2024, 7:01 AM ET

1 min read

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