The Bank of England Finally Delivers That Rate Cut
The 5-4 vote was tight, but the UK’s key rate is now down to 5%.
Andrew Bailey, governor of the Bank of England: on the winning team.
Photographer: Hollie Adams/BloombergWelcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
There we have it. The interest rate cut that everyone was waiting for.