Interest rates cut to 3.75% but further reductions to be ‘closer call’
Michael RaceBusiness reporter Bank of England governor ‘encouraged’ by falling inflation Interest rates have been cut to 3.75%, the lowest level in almost three years, but further reductions are set to be a “closer call”, the Bank of England has said. In a knife-edge vote, policymakers voted 5-4 in favour to lower rates from 4% … Read more