The Bank of England has cut interest rates for the fourth time this year, lowering borrowing costs to their lowest level in almost three years as policymakers forecast that inflation will fall back to the 2 per cent target by spring. Members of the Bank’s nine-strong monetary policy committee (MPC) voted narrowly, by five votes to four, to reduce the base rate by a quarter of a percentage point to 3.75 per cent, down from...










