The Bank of England has cut interest rates multiple times since August 2024. The reductions are as follows:

• August 2024: from 5.25% to 5.00%
• November 2024: from 5.00% to 4.75%
• February 2025: from 4.75% to 4.50%
• May 2025: from 4.50% to 4.25%

This totals a drop of 1.00 percentage point from 5.25% to 4.25% over this period

. Further cuts are expected throughout 2025, with some analysts predicting rates could fall to around 3.5% by the end of the year

. In the United States, the Federal Reserve's benchmark interest rate was last recorded at 4.50% in mid-2025, with forecasts suggesting a slight drop to around 3.9% by the end of 2025