The Bank of England announced today (February 6) that it was reducing its policy rate by 25 basis points to 4.5%. The monetary policy committee (MPC) reached the decision by seven votes to two at its meeting the previous day.

Greater challenges await in future meetings when the BoE will be balancing the need to support an ailing economy without reigniting inflationary pressures. Click to read.

The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty.

The Bank of England has cut its main interest rats for the third time in six months as the British economy is struggling to post any meaningful growth

The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target

The Bank of England cuts rates by 25 basis points to 4.5%, with two members unexpectedly backing a half-point cut; Governor Andrew Bailey says the BOE will take a “gradual and c