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Bank of England Lowers Interest Rate by 25 Basis Points to 4.75%.

London: The Bank of England (BoE) on Thursday announced a reduction in its bank rate by 25 basis points to 4.75%. This decision was made as the bank noted ongoing progress in disinflation efforts.

According to Anadolu Agency, the rate cut aligns with…

US Federal Reserve Lowers Interest Rate by 25 Basis Points.

Washington: The US Federal Reserve on Thursday reduced interest rates by 25 basis points to the range of 4.5%-4.75%. This decision marks the second rate cut by the central bank in four years, following the onset of the coronavirus pandemic.

According…