Bailey Warns of Limited Room for More Cuts as BOE Eases

The Bank of England cut interest rates but joined a wave of other central banks in warning that the speed and scale of future reductions is now in the balance.

Governor Andrew Bailey warned of limited room in 2026 when the Monetary Policy Committee will face a “closer call” on its decisions, after it voted 5-4 on Thursday to reduce rates to a near three-year low of 3.75%.