Interest rates live: Bank of England cuts interest rates to 4.5% but UK growth downgraded
Bank MPC votes to cut borrowing costs but also slashes short-term growth forecasts for economy in blow to Rachel Reeves
![Interest rates live: Bank of England cuts interest rates to 4.5% but UK growth downgraded](https://static.independent.co.uk/2025/02/06/11/50/bailey-interest-rates-indycomp-news.jpeg?width=1200&auto=webp&trim=145,0,145,0#)
Bank MPC votes to cut borrowing costs but also slashes short-term growth forecasts for economy in blow to Rachel Reeves