The Bank of England on Thursday cut its key interest rate by a quarter point to 4 percent, the lowest level in 2.5 years, as it bids to boost a UK economy threatened by US tariffs. Alongside the ...

Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

The Bank of England has cut interest rates for the fifth time in a year to 4% as it warned that climbing food prices would cause inflation to jump higher this year.

The Bank of England Monetary Policy Committee held interest rates unchanged at several of its meetings since last year’s general election.

The Bank of England has cut interest rates to 4% for the first time since 2023, signalling relief for borrowers but ...