BoE cuts main interest rate in face of US tariff uncertainty

The Bank of England cut its main interest rate by a quarter of a percentage point to 4.258 amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration.

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The decision on Thursday was widely expected, though there was an array of opinion on the nine-member Monetary Policy Committee, with two voting for a bigger half-point cut to 4%, and two voting to hold rates.

Bank of England Governor Andrew Bailey said inflationary pressures have continued to ease, paving the way for the fourth quarter-point rate cut since August.