The Bank of England on Thursday cut its key interest rate for the first time in four months, signalling growing confidence that the inflationary pressures weighing on British households and businesses are finally easing, even as economic growth of the country remains fragile. The UK central bank’s Monetary Policy Committee (MPC) voted narrowly 5–4 to lower the base rate by 25 basis points to 3.75%, marking the lowest policy rate since February 2023. The close split highlights the policymaker’s attempt to strike a delicate balance between taming inflation and supporting a slowing economy.