The Bank of England announced a 25 basis point interest rate cut, the first since March 2020

Odaily News The Bank of England, the central bank of the United Kingdom, announced a 25 basis point interest rate cut on the evening of August 1, Beijing time, lowering the benchmark interest rate from 5.25% to 5%. This is the first interest rate cut by the Bank of England since March 2020, in line with market expectations.