The interest rate comes as CPI rates fell to 3.2 per cent in November

The U.K.'s inflation rate cooled sharply to 3.2% in November.

Falling food prices helped drag inflation down

The rate of consumer prices index inflation fell to 3.2 per cent in November, from 3.6 per cent in October

The interest rate comes as CPI rates fell to 3.2 per cent in November

The Bank of England voted to cut interest rates from 4% to 3.75% in its last monetary policy move of 2025.

The decision to lower borrowing costs was widely expected, after inflation slowed in the year to November.