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The Independent UK

National

Via AP news wire

Bank of England cuts key interest rate from 4% to 3.75%

Bank of England Inflation Interest Rates United States

Britain Economy - (Copyright 2025 The Associated Press. All rights reserved)

The Bank of England on Thursday cut its key interest rate for the first time in four months as stubbornly high inflation that has plagued British consumers and businesses starts to ease.

The central bank's policymakers voted 5-4 to reduce the base rate by a quarter of a percentage point to 3.75% on Thursday, the lowest since February 2023.

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