Interest rates were cut from 4.5% to their lowest level since May 2023, in their fourth reduction over the past year.

The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.

The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.

(Bloomberg) -- The Bank of England cut interest rates by a quarter percentage point in a divided decision that surprised markets and suggested that the growth risks posed by US President Donald Trump's global trade war haven't derailed its plan...

The Bank of England is widely expected to cut interest rates on Thursday as a result of the potential shock to global growth emanating from the tariff policies of the Trump administration.

The Bank of England has cut UK interest rates for the second time this year, lowering rates to 4.25%.

The Fed continues to assess the impact of tariffs on inflation, which is a major factor considered when setting interest rates.

When the base rate changes, it has an impact on your borrowing and saving, as banks and lenders will update their interest rates to reflect the Bank of England decision

The Bank’s Monetary Policy Committee cited large and two-sided risks as it cut rates to 4.25 percent.

The Bank of England's base rate dictates how much interest you pay when you borrow money, so mortgages and credit card rates usually get more expensive when it goes up