The Bank of England cut interest rates for the third time in six months, taking the base rate to 4.5% - here's what it means ...

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The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.

Obviously we are very supportive of measures that raise growth in the long term,” said Bank of England rate-setter Clare ...

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The base rate fell to 4.5 on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.