The Bank of England trimmed interest rates on Thursday for the second time this year, as widely expected.

Experts said inflation falling below the Bank’s 2% target level encouraged policymakers to continue easing interest rates

The Bank of England cut its main interest rate by a quarter of a percentage point on Thursday after inflation across the U.K. fell below its target rate of 2%.

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. Sweden's central bank slashed borrowing costs by 0.5 basis points Thursday -- its fourth this year and biggest reduction in a decade -- while Norway made no change.

The Bank of England on Thursday said it was cutting its key interest further after UK inflation hit a three-year low and signalled more reductions, easing pressure on borrowers. Sweden's central bank slashed borrowing costs by 0.5 basis points Thursday -- its fourth this year and biggest reduction in a decade -- while Norway made no change.

The central bank said that future cuts would be gradual after spending increases were introduced in the government’s new budget.

WASHINGTON—Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory. Yet the Fed’s future moves are now more uncertain in the aftermath…

Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time.

Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory.

Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory.

The Bank has issued a warning over how last week's Budget could impact inflation

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%.

The Federal Reserve’s future moves and independence are now more uncertain in the aftermath of the election.

The base rate drop to 4.75 per cent could also give first-time buyers a boost onto the property ladder.

A robust U.S. economy is insulating mortgage rates changes from their usual connection with Federal Reserve adjustments to its benchmark interest rate.

Rate cut was expected by financial markets.

The comments come after interest rates were cut to 4.75% from 5%.

The US Federal Reserve (Fed) will announce monetary policy decisions following the November policy meeting on Thursday, just barely two days after Donald Trump was elected as the 47th president of the United States.