Bank of England cuts interest rates to near three-year low

NAMPA / DPA

2025-12-18

London (PA Media/dpa) - The Bank of England has cut interest rates to the lowest level in nearly three years, as it said measures in the budget will help bring down inflation quicker than previously thought. The Bank's Monetary Policy Committee (MPC) voted to reduce rates from 4% to 3.75%. Governor Andrew Bailey said the UK has "passed the recent peak in inflation and it has continued to fall," allowing the MPC to cut borrowing costs for the four......

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