Bank of England cuts interest rates to 4% but food prices set to keep rising | ITV News

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Bank of England cuts interest rates to 4% but food prices set to keep rising | ITV News

The Bank of England has cut interest rates from 4.25% to 4%.

This marks the fifth reduction since August last year, when rates started steadily coming down from a peak of 5.25%.

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Date: August 7, 2025