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 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 cut its key interest rate to 3.75 percent on Thursday after UK inflation eased faster than expected and as the economy weakens. "We've passed the recent peak in inflation and it has continued to fall, so we have cut interest rates," BOE governor Andrew Bailey said.…

Norges Bank lefts its policy rate unchanged on Thursday at 4%, as widely expected.

Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living.

The central bank’s cut is the fourth this year.

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