Us Rate Cuts 2024 Uk. The bank of england’s monetary policy committee (mpc) announced its first interest rate cut in more than four years, taking rates from 5.25% to 5.0%. In the first quarter of 2024, uk gdp grew at a quarterly rate of 0.6 per cent, beating expectations of 0.4 per cent.


Us Rate Cuts 2024 Uk

Ahead of thursday’s decision, governor andrew bailey has distanced britain from resurgent consumer price pressures in the us, pointing to “strong. That start is probably not today, but should be soon.

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