Bank of England Lowers Key Interest Rates by 25 Bps to 3.75%

The Bank of England has reduced its key interest rate by 25 basis points to 3.75% following a tight vote. The decision comes amid ongoing concerns about inflation and economic growth, with policymakers divided on the rate cut. The central bank aims to strike a balance between supporting economic growth and controlling inflation, with future decisions likely dependent on inflationary pressures and market conditions.