Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living.
The British economy ended the year with a moment of respite.
Policymakers at the Bank of England cut interest rates on Thursday a quarter point, to 3.75 percent, after inflation had slowed more than economists expected.
The central bank had held rate... [961 chars]