Interest rates cut amid concerns of weaker growth
The Bank of England has cut interest rates, reflecting weaker growth forecasts and lower levels of inflation.
The widely-expected move has brought the rate down to 4.5%, and more cuts are expected, although more significant moves are likely to only be in the second half of the year.
The quarter-point cut follows reductions in August and November last year, as interest rates edge down from its 16-year high of 5.25%.
Rate-setters on the Bank's Monetary Policy Committee voted 7-2 to cut rates, with two of the seven in favour of ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
