The Bank of England cut its key interest rate to 3.75 percent on Thursday after UK inflation eased faster than expected and as the economy weakens. The central bank last cut its key interest rate in August amid concerns over the impact of US tariffs on the UK economy.

The Bank of England cut its key interest rate to 3.75 percent on Thursday after UK inflation eased faster than expected and as the economy weakens. The central bank last cut its key interest rate in August amid concerns over the impact of US tariffs on the UK economy.

The Bank of England has handed borrowers an early Christmas present by cutting interest rates to the lowest level since February 2023.

The Bank of England cut the cost of borrowing on Thursday, as widely expected, on the back of better-than-expected inflation data.

The Bank of England has 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 decision to lower borrowing costs was widely expected, after inflation slowed in the year to November.

Along with other rate-setters he will pay close attention to the latest inflation figures, which will be published the day before the interest rate decision.