The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

The central bank responded to a troubling mix of stuttering economic growth, stubborn inflation and President Trump’s tariff threats.

Interest rates were lowered by a quarter of a point. Governor Andrew Bailey said there was "heightened uncertainty".

Bank of England chief to face questions over economy gloom and stagflation after interest rate cut: Live - Interest rates ...

Asset managers and markets were not surprised by the Bank of England reducing interest rates to 4.5% from 4.75%, putting rates at their lowest point since June 2023.

Analysts are divided about how far and how fast the Bank of England is likely to cut interest rates in the remainder of this year following yesterday’s decision. Rate-setters backed a third 25 basis ...