Interest rates: Why have they been cut and what does it mean?

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

The Bank of England cut interest rates to 4.5% as it predicted an uptick in inflation — The Bank of England cut interest rates to 4.5% as it predicted an uptick in inflation (Alamy Stock Photo)

By Henry Saker-Clark, PA Deputy Business Editor

February 06, 2025 at 4:13pm GMT

Interest rates: Why have they been cut and what does it mean?

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