The Bank of England cuts key interest rate to 3.75% in efforts to ease high inflation. Consumer price inflation slows to 3.2% in November, giving room for rate cut. Unemployment rises to 5.1%, prompting cautious response from Bank of England Governor. Monetary Policy Committee divided on rate cut, as inflation remains above 2% target. Inflation in UK higher than in Europe and North America. Lower interest rates aim to boost economic growth but may fuel higher prices. Central bankers balance inflation and economic growth in decision-making.

Read more at Yahoo Finance: Bank of England cuts key interest rate from 4% to 3.75%