Bank of England cuts interest rate to 4.25% to combat economic uncertainty from US tariffs.

The Bank of England reduced its main interest rate to 4.25%, down from 4.5%, to tackle economic uncertainty caused by potential US tariffs. This move aims to support businesses and stabilize the economy amid global trade tensions. The rate cut is expected to lower borrowing costs for mortgages and loans but may result in lower returns for savers. Despite the cut, the bank remains cautious about further reductions due to inflation and economic growth concerns.