Bank of England Sticks to Cautious Path Despite Trade Turmoil

WATCH: The BOE cut interest rates by a quarter point to 4.25%, in a decision that split senior officials. Lizzy Burden reports.Source: Bloomberg

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By Philip Aldrick and Tom Rees

May 8, 2025 at 11:02 AM UTC

Updated on

May 8, 2025 at 12:53 PM UTC

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The Bank of England cut interest rates by a quarter percentage point in a divided decision that surprised markets and suggested that the growth risks posed by US President Donald Trump’s global trade war haven’t derailed its plan to ease policy only cautiously.