<h1>Bank of England Cuts Interest Rate to 4.50% Amid Stagnant Growth, Third Reduction in Six Months</h1> The Bank of England has reduced its main interest rate to 4.50%, marking the third cut in six months due to stagnant economic growth. The decision was supported by seven of the nine Monetary Policy Committee members, with two advocating for a larger reduction. The cut aims to address sluggish economic growth and moderate inflation, which recently decreased to 2.5%. Despite inflationary pressures from new business taxes, it is expected to trend towards the 2% target. The rate adjustment reflects concerns over the UK economy's performance and aligns with global trends of lowering interest rates post-pandemic.