Reserve Dollar

Bank

Reserve

<p>The post <a href="https://coinpedia.org/crypto-live-news/bank-of-england-cuts-interest-rate-by-25-basis-points/" rel="noopener noreferrer nofollow">Bank of England Cuts Interest Rate By 25 Basis Points</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Bank of England has decided to cut interest rates by 25 basis points moving it from 5.25% previously to now at 5.0%. This is the first time in four years, since the onset of the COVID-19 pandemic in 2020, that the Bank of England has chosen to pivot from its monetary tightening policy amid soaring inflation. While the BoE Governor Andrew Bailey also voted in favor of the rate cut, he said that they won’t be cutting rates too-often going ahead. A day before, the US Federal Reserve decided to keep interest rates unchanged at 5.25%</p>

Bank of England Cuts Interest Rate By 25 Basis Points

CoinPedia News

Other articles published on Aug 1, 2024

Bitcoin Flag Pattern Hints at Possible Breakout Towards Six-Figure Target

Mt. Gox Triggers Bitcoin: Investors Flock to Memecoins and $NOTI Private Sale

Is XLM finally gearing up for 50% surge? Meteoric breakout is looming for these hot crypto picks

Floki Inu’s New Bitstamp Listing: Is it a Catalyst for Success in the World’s Best Crypto Presales?

Betmaster Reviews: Is It a Reliable Betting Platform?

BlackRock: Bitcoin and Ethereum ETFs Likely to Join Model Portfolios by End of 2024

Join our free newsletter for daily crypto updates!