07-08-2025
A Messy Rate Decision From The Bank of England
Rates are apparently still on a downward path — but it's not at all clear how quickly they'll fall.
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Welcome to the award-winning Money Distilled newsletter. I'm John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
The Bank of England voted — as expected — to cut the UK's key interest rate by a quarter of a percentage point to 4% today.
