💨 Abstract

The Bank of England cut its key interest rate by 0.25% to 4.25%, citing concerns over global economic growth due to US tariffs. This is the fourth rate cut in nine months and contrasts with the US Federal Reserve's decision to freeze borrowing costs. The Bank of England also raised its GDP growth forecast for the year to 1% but lowered it for 2025 to 1.25%.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖