{"id":825047,"date":"2025-02-07T07:11:25","date_gmt":"2025-02-07T13:11:25","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/07\/bank-of-england-cuts-rates-raises-concerns-on-crypto-market-impact\/"},"modified":"2025-02-07T07:11:25","modified_gmt":"2025-02-07T13:11:25","slug":"bank-of-england-cuts-rates-raises-concerns-on-crypto-market-impact","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/07\/bank-of-england-cuts-rates-raises-concerns-on-crypto-market-impact\/","title":{"rendered":"Bank of England Cuts Rates, Raises Concerns On Crypto Market Impact"},"content":{"rendered":"
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The Bank of England reduced interest rates for the third time since August, amid ongoing downturn in the crypto market, where leading cryptocurrencies like Bitcoin have seen significant losses. The Bank announced a 25 basis point rate cut, lowering the base rate from 4.75% to 4.5%, in line with market expectations. The Bank of England raised its inflation forecasts for 2025, 2026 and 2027.The Monetary Policy Committee\u2019s hawkish stance has raised speculation about its potential impact on the crypto market. The Bank of England\u2019s move contrasts with the US Federal Reserve\u2019s decision to keep rates steady. Given the central bank\u2019s hawkish stance, investors may shy away from risky assets like cryptocurrencies, potentially triggering a panic sell-off and further downturns in the crypto market.<\/p>\n<\/div>\n

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\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"

The Bank of England reduced interest rates for the third time since August, amid ongoing downturn in the crypto market, where leading cryptocurrencies like Bitcoin have seen significant losses. The Bank announced a 25 basis point rate cut, lowering the base rate from 4.75% to 4.5%, in line with market expectations. The Bank of England<\/p>\n","protected":false},"author":1,"featured_media":825048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23106,22767],"tags":[],"class_list":{"0":"post-825047","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-england","8":"category-rates"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=825047"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/825048"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=825047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=825047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=825047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}