THE BANK OF ENGLAND IS CONSIDERING A NEW INTEREST RATE CUT IN THIS CASE!
Hugh Bell from the Bank of England said more interest rate cuts could happen if the UK economy keeps shrinking.
The bank is watching factors like wages, profit margins, and the job market to help decide.
Any cuts will be gradual, considering possible inflation impacts from government spending and global political challenges, especially in the US and Germany.
The Bank of England recently lowered the interest rate to 4.75% in November 2024, down from 5%, after holding it steady for two meetings.
