Bank signals caution going forward after cutting interest rates to 3.75%

The Bank of England has cut interest rates from 4% to 3.75% - the lowest level in nearly three years. The decision was widely expected but it was another knife-edge vote, with policymakers voting 5-4 in favour of a cut

Concerns about weak economic growth and rising unemployment outweighed worries about inflation, which is falling but remains above the Bank’s 2% target. The Bank expects inflation to near 2% by the middle of next year, partially due to the government’s tax and spending policies announced in last month’s Budget

https://www.bbc.co.uk/news/live/cn4d8p1gj2et