The Bank of England has cut its key interest rate for the first time in four months amid signs the stubbornly high inflation that has plagued British consumers and businesses is beginning to ease
ByThe Associated Press
December 18, 2025, 7: 05 AM
LONDON — The Bank of England on Thursday cut its key interest rate for the first time in four months amid signs that the stubbornly high inflation that has plagued British consumers and businesses is beginning to ease.
Policymakers at Britain’s central bank voted 5-4 to reduce the base rate by a quarter of a percentage point to 3.75% on Thursday, the lowest since February 2023.
The move came a day after the Office for National Statistics reported that consumer price inflation slowed to 3.2% in the 12 months through November, from 3.6% a month earlier.
The figure was below the Bank of England’s forecast of 3.4%. That ga