Bank of England cuts interest rate from 4.5% to 4.25%

The Bank of England has cut the base rate of interest from 4.5% to 4.25% in a boost for mortgage holders, and news that'll be welcomed by the chancellor. Further rate cuts are expected in the coming months alongside a likely impact from Donald Trump's tariffs. Read more: https://news.sky.com/story/money-news-interest-rate-mortgages-bank-of-england-latest-sky-news-13040934 #skynews #interestrates #economy #business 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/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales