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Bank of England cut rates

Note: This section contains information in English only.
Source: Dukascopy Bank SA
At 11:00 GMT Bank of England decided on the Official Bank Rate. Official Bank Rate has been decreased by 0.25%. BOE rate is 5.00%.
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01 Aug 2024

Bank of England cuts interest rate

The Bank of England has reduced its Official Bank Rate from 5.25% down to 5.00%. This rate cut was expected by the market analyst consensus forecasts. The GBP is reacting to the rate cut with a decline. However, since the cut was already expected, the Pound already declined during the morning hours.

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