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Bank of England Cuts Rates from 16-Year High, will be 'Careful' on Next Moves

2024-08-01T125647Z_627985811_RC2079AD9L5O_RTRMADP_3_BRITAIN-BOE

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By David Milliken, Andy Bruce and Suban Abdulla

16:20 JST, August 2, 2024

LONDON, Aug 1 (Reuters) – The Bank of England cut interest rates from a 16-year high on Thursday after a tight vote by its policymakers who were split over whether inflation pressures had eased sufficiently.

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