BBC news 5th February 2025 At midday, the Bank of England cut interest rates from 4.75% to 4.5% - but that's not all we learned today: The Bank's base rate is now at its lowest since June 2023 - and two of the nine committee members voted for a bigger cutThe Bank also cut its growth forecast for the UK economy from 1.5% to 0.75% for this yearInflation is forecast to rise, peaking at 3.7% later this year, which the Bank says is due to incre...