BANK OF ENGLAND RESTARTS MONETARY EASING, CUTTING KEY RATE TO 4.5%
BANK OF ENGLAND RESTARTS MONETARY EASING, CUTTING KEY RATE TO 4.5%
Bank of England cuts its benchmark interest rate by 25 basis points to 4.5%.
The decision follows concerns over sluggish economic growth in the UK.
Seven out of nine members of the Monetary Policy Committee voted in favor.
The bank signals potential for further rate cuts later this year as the disinflation process continues.
