Bank of England cuts interest rate by 25 bps amid global trade...

Bank of England cuts interest rate by 25 bps amid global trade uncertainty

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The Bank of England has reduced interest rates to 4.25 percent. This decision follows worries about a global economic slowdown. The slowdown is due to trade policies. These policies are from the Trump administration. A US-UK trade deal is expected. Economists think the rate cut will protect against external demand shocks. Other central banks are also shifting policies.

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