Bank of England chief faces questions over economy gloom and stagflation after interest rate cut: Live - Interest rates were ...

Bank of England chief to face questions over economy gloom and stagflation after interest rate cut: Live - Interest rates ...

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.