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interest rate cutBBC
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85% Informative
Interest rates were lowered to 5% from 5.25% on Thursday - the first cut since the start of the pandemic in March 2020 .
Andrew Bailey , governor of the Bank of England , said policymakers needed "to make sure inflation stays low and be careful not to cut interest rates too quickly or by too much” But he struck a note of caution against expectations there would be a rapid fall in borrowing costs in the coming months .
Otherwise known as the Bank ’s inflation report, it sets out growth forecasts for the UK economy and is published four times a year. The Bank upgraded its outlook for the UK ’s economic growth this year . It now expects output, or gross domestic product (GDP), to grow by 1.25% , up from its estimate of 0.5% in May . However, it said economic activity was likely to slow next year in line with previous forecasts, as businesses reported weaker momentum..
VR Score
91
Informative language
92
Neutral language
52
Article tone
formal
Language
English
Language complexity
45
Offensive language
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Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
4
Source diversity
2
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