XRP, ETH, Sol Soar, and England also reduces the interest rate star-news.press/wp

The Bank of England’s decision to reduce interest rates has caused optimism in the encryption market, with ETHEREUM (ETH), XRP and Solana (Sol) the most beneficial. Since the central bank reduces the interest rate to 4 % from 4.25 %, it represents the lowest level since March 2023 and the fifth reduction since August.

The Angel Bank reduces interest rates to 4 %

During the last monetary policy meeting, England bank reduced interest rates 25 basis points from 4.25 % to 4.00 %. The MPC’s Monetary Policy Committee (MPC) voted 5-4 in favor of reducing the main interest rate. The central bank describes this step as a “gradual and accurate” approach to monetary policy.

In the monetary policy summary, the bank stated that MPC is committed to eliminating any ongoing inflationary pressure, with the aim of sustainable re -inflation to its 2 % goal in the medium term. The statement added,

The MPC Monetary Policy Committee sets a monetary policy to achieve the goal of inflation by 2 %, and in a way that helps to maintain growth and employment. MPC adopts a medium -term and aspiration approach to determine the critical position required to achieve the goal of inflation in a sustainable manner.

Moreover, the Bank of England added that the discounts in future interest rates will depend on the progress of basic amplification. On Thursday, Andrew Billy Governor stressed the importance of a measured approach, and warned of rapid interest rate discounts.

In February 2025, BOE reduced interest rates to 4.5 %, which was then the lowest level since June 2023. Later in May, the bank reduced to 4.25 %.

The encryption market rises where the markets expect more cuts in interest rates

In the wake of the interest rates of the Bank of England, the encryption market witnessed a noticeable increase with higher encrypted currencies such as ETH, XRP and Sol. The encryption market, which is currently $ 3.82 trillion, has increased by 2.8 % over the past 24 hours.

Among the ten best encrypted currencies, ETHEREUM is the best performance, as it represents a significant increase in 6.87 %. Solana follows with an increase of 5.7 %, while XRP is closely backward with an increase of 4.5 %. Dogecoin, the upper Mimi currency, is a winner, rises by 6.5 % during the last day.

George Brown, the leading economists in Sherdes, pointed out that although prices are expected, the future path is not confirmed due to the conflicting signals of jobs, growth and inflation data, which led to two unprecedented rounds of voting to reach a decision.

It is worth noting that the bank of the Bank of England comes after other countries such as the decisions of the United States and Japan to maintain their interest rates unchanged. As Coingape, the Bank of Japan maintained the standard interest rate at about 0.5 % after a two -day meeting, parallel to the similar US decision.

However, some economists believe that more interest rates should be followed. Ashley Web, the UK economist at Capital Economics, was martyred before the current step, “We believe that the Bank of England will reduce interest rates from 4.25 % now to 3.00 % in 2026, which will take prices less than 3.50 % by 3.50 % in the financial markets.”

partner:

<!–

Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks (Updated)

Top 10 Web3 Games To Explore In 2023; Here List

–>

Their hands

NYNU V Jamal is a great journalist in Coingape. It is proud of more than 3 years of experience in writing content, with experience in Crypto and Blockchain. It has contributed to platforms such as Comeption and Cryptotale, which indicates its efficiency in the movement of dynamic encryption. In addition to its press endeavors, NYNU is a literary enthusiastic, as she worked as an assistant professor in English and literature. She is a master’s degree holder in English literature and UGC net qualifiers. Her academic background enabled her to publish research papers on literature, while caring for her creative aspect as a published poet. Its creative side extends to music, crafts and art, which she actively explores. Its unique mixture of analytical and creative skills allows it to formulate attractive stories that capture the masses. Stay up update with Nynu on LinkedIn

<!–

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

–>

Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following us Editorial Policy, our book verifies every source, verifies every story, and depends on the sources of good reputation, quotes and media properly. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.

AD disclosure: This site may feature content with care and subsidiary links. All ads are clearly marked, and advertising partners have no effect on our editing content.

<!–

Crypto Stories

View all

5 Important Highlights from the Recent Fed Meeting

ChatGPT’s Next Big Upgrade: What You Need to Know

5 Reasons behind Mega Bank’s 2024 Ethereum Price Prediction

–>