Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates LONDON -- Bank of England cuts main interest rate by quarter-point to 4.50% as British economy stagnates.

The Bank of England on Thursday cut interest rates by a quarter-point, its third reduction since August. The central bank cut rates to 4.5% from 4.75%. More to come. -Steve Goldstein This content ...

That concludes our live coverage on interest rates. Thank you for joining us today! There are still seven meetings to go this year, which we will be covering in detail over the months to come.

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The central bank, as expected, cut interest rates by a quarter-point, its third reduction since August, to 4.5% from 4.75%. Steven Goldstein is based in London and responsible for MarketWatch's ...

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Marking the lowest point since June 2023 ... While a lower base rate often leads to reduced interest rates, making life easier for borrowers but harder for those with cash savings.

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The move is part of a trend for the ECB, which cut rates four times last year and is expected to continue to do so this year.