Bank of England Cuts Interest Rate to Four Per cent, Lowest Since 2023

LONDON (AP) – The Bank of England cut its main interest rate Thursday by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.

Thursday´s decision was widely anticipated in financial markets as the bank´s Monetary Policy Committee balances its responsibility to control inflation against concern that rising taxes and U.S. President Donald Trump´s global trade war may slow economic growth. The committee voted 5-4 in favor of the cut.

The rate cut is the bank´s fifth since last August, when policy makers began lower borrowing costs from a 16-year high of 5.25%. The Bank of England´s key rate – a benchmark…

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