Changes to the Bank's base rate can affect mortgage and savings rates.

Rates are now at their lowest since March 2023 even though inflation is well above target.

The president also hit India with a 50% tariff and threatened a 100% levy on foreign-made computer chips.

The Bank or England cuts its key rate to 4%, the fifth reduction since August last year.

The EU is aiming to increase its own production of rare earth metals, led by a facility in France.