The Bank of England has cut interest rates to 4.25 per cent in a split decision dividing hawks and doves. The Bank’s policymakers suggested that President Trump’s aggressive tariffs on China were “more likely to be disinflationary than inflationary”,

The Bank of England is poised to extend its slow run of interest rate cuts on Thursday with investors watching for any signs that it could soon pick up the pace as U.S. President Donald Trump's tariffs weigh on the world economy.

LONDON-- The Bank of England (BoE) announced on Thursday a cut to its benchmark interest rate from 4.5 percent to 4.25 percent, citing softening inflationary pressures and rising global economic uncertainty fueled by US trade measures.