Bank of England narrowly cuts interest rates to 4% amid divided votes
The Bank of England's monetary policy committee was deeply divided over interest rate decisions, resulting in a split vote with four members for no change, four for a quarter-point cut, and one for a half-point cut, leading to a cautious rate reduction to 4%. The decision reflects ongoing concerns about economic growth, inflation, and global trade impacts, with market reactions indicating a hawkish stance despite the divided votes.