The first policy setting meeting of the Bank of England’s Monetary Policy Committee (MPC) for 2025 saw the central bank cut the Bank rate by 25bps to 4.50%. This means that the central bank has now cut by a total of 75bps in its current easing cycle, which began in August of last year. Today’s rate reduction was in line with market expectations. Once again, there was no unanimity within the MPC on its policy decision...