Source: CNBC
“The Bank of England voted by a fine margin to cut interest rates from 4.25% to 4% on Thursday as the central bank resumed what it describes as a ‘gradual and careful’ approach to monetary easing. The BOE was widely expected to trim rates by 25 basis points at its latest monetary policy meeting, but traders and economists were keen to see the breakdown of support for the decision among the bank’s policymakers. As it turned out on Thursday, the nine-member MPC voted by a majority of 5-4 to reduce the key interest rate, the ‘Bank Rate,’ by 25 basis points rather than keeping it on hold. The British pound rose 0.5% against the dollar after the decision, to $1.3424.” (08/07/25)