The Bank of England has cut interest rates for the fifth time in a year to 4% as it warned that climbing food prices would cause inflation to jump higher this year.
In a tight decision after members of the rate setting committee had to vote twice to break a deadlock, the Bank cut the interest rate to the lowest level in more than two years.
Read more: https://news.sky.com/story/money-latest-interest-rate-cut-decision-bank-of-england-consumer-personal-finance-blog-sky-news-deals-13040934
#interestrates #bankofengland #economy #politics #ukeconomy #uknews #skynews
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
