Bank of England cuts interest rate from 4.25% to 4% | Sky News coverage

Watch live as the Bank of England publishes its latest interest rate decision from 12pm. Our team will bring you the latest news and analysis, and delve into what it means for you. The Bank of England has cut interest rates for the fifth time in a year to 4% as it warned that climbing food prices would cause inflation to jump higher this year. In a tight decision after members of the rate setting committee had to vote twice to break a deadlock, the Bank cut the interest rate to the lowest level in more than two years. You can read more on the Sky News website: https://news.sky.com/story/money-latest-interest-rate-cut-decision-bank-of-england-consumer-personal-finance-blog-sky-news-deals-13040934 #BankOfEngland #InterestRate #UKEconomy SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales