Bank of England cuts rates to 4% - here's what traders need to know
Key Points
- The Bank of England has cut interest rates to 4%, reflecting...
The Bank of England just made their second-guessing official. After an unprecedented revote that split the Monetary Policy Committee 5-4, they've cut interest rates to 4% - the lowest since March 2023. When central bankers need a do-over, you know the economic tea leaves are particularly murky.
When Even Economists Can't Agree
The fact that the MPC needed to recast their votes tells you everything about the current economic climate. Half the committee sees inflation lurking around every corner, while the other half worries the economy might be sleepwalking into stagnation. UK GDP contrac...
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