The Bank of England on Thursday delivered its first interest rate cut in more than four years, taking the key rate to 5%. Policymakers ultimately voted 5-4 in favor of the reduction. The Bank rate had been held at a 16-year high of 5.25% since August 2023. https://www.cnbc.com/2024/08/01/live-updates-bank-of-england-interest-rate-august.html