Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariff uncertainty

Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariff uncertainty https://www.taxtmi.com/news?id=43264 The central bank implemented a quarter-point interest rate cut in response to global trade-policy uncertainty from announced US tariffs, citing easing underlying inflationary pressures despite near-term headline spikes; the Monetary Policy Committee split on the scale of action and the bank signalled a cautious, data-dependent approach to further cuts while acknowledging external trade developments could affect the outlook. en-us Thu, 08 May 2025 17:46:03 +0530 Thu, 08 May 2025 17:46:03 +0530 TaxTMI RSS Generator Bank of England cuts main interest rate by 0.25% to 4.25% in face of US tariff uncertainty https://www.taxtmi.com/news?id=43264 The central bank implemented a quarter-point interest rate cut in response to global trade-policy uncertainty from announced US tariffs, citing easing underlying inflationary pressures despite near-term headline spikes; the Monetary Policy Committee split on the scale of action and the bank signalled a cautious, data-dependent approach to further cuts while acknowledging external trade developments could affect the outlook. News - Thu, 08 May 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=43264