Mood-boosting rate cut is a fillip for Reeves but leaves future uncertain

Mood-boosting rate cut is a fillip for Reeves but leaves future uncertain

Split in Bank of England votes muddies waters as to direction of monetary policy in coming monthsUK interest rates fall to 4.25% as Bank of England announces a quarter-point cutExplainer: what does it mean for mortgages and savings?Business live – latest updatesThursday’s interest rate cut to 4.25% is the fourth in a run of reductions that kicked off last August. It represents a fillip for Rachel Reeves, who will hope it helps revive the feelgoo…