Interest Rate Cut August 2024 Uk. The bank of england has cut interest rates from 5.25% to 5%, the first drop since the onset of the pandemic in march 2020. The first six interest rate announcements of the year took place on 1 february, 21 march, 9 may, 20 june, 1 august and 19 september.
The bank of england has cut interest rates for the first time in four years, itv news economics editor joel hills reports. September 21, 2024 at 4:00pm edt.
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