Bank of England interest rates warning as several cuts expected
The Bank of England is expected to cut interest rates next week - sparking a series of reductions in 2025. The bank is set to drop them from 4.75% to 4.5%, in a move that could shake up savings, mortgages, and retirement plans. Markets are pricing in an 84% chance of a cut as policymakers respond to slowing economic growth and a dip in inflation.