The Bank of England has cut its main interest rate by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.

Rates are now at their lowest since March 2023 even though inflation is well above target.

The Bank of England on Thursday cut its key interest rate by a quarter point to four percent, the lowest level in 2.5 years, as it bids to boost a UK economy still threatened by US tariffs.Alongside the expected decision,