Bank of England committee reduces interest rates

UK - Bank of England Reduces Interest Rates by 0.25% to 5.0%

From the Bank of England's web site 12.10pm UK time, 2 August

The Bank of England's Monetary Policy Committee today voted to reduce the Bank's repo rate by 0.25% to 5.0%.

The Committee reviewed monetary and economic developments in the context of the projections to be published in the August Inflation Report. Indicators of world economic activity have been weaker than expected over the past few months. This and the persistent strength