Bank of England Cuts Rates While ECB Holds Steady

A view of London’s financial district. - Chris J. Ratcliffe/Bloomberg News The Bank of England cut its key interest rate Thursday while the European Central Bank held steady, as a period of more stable borrowing costs sets in across the continent. Why the BOE cut The U.K.’s central bank reduced its key rate to a near three-year low of 3.75% from 4%, resuming a series of cuts that stretch back to August 2024 after a pause in November. Most Read from The Wall Street Journal The BOE indicated that borrow ...