The Bank of England, which is a big important place in the UK, has decided to make a change called cutting interest rates. This means they are going to make it easier for people to borrow money. The boss of the Bank of England, Andrew Bailey, says this is happening because he thinks prices for things might go up soon. He said that even though prices might go up, they are ready to help by making it easier for people to borrow money. Bailey also said that the future is uncertain, and there might be some bumps in the road. This decision was made because they believe there might be more inflation, which means prices going up, in the future. They also think that the UK's economy might not grow as much as they hoped. So, the Bank of England decided to help by making it easier for people to borrow money. They are looking out for everyone and trying to make things better. In the world, there are big important places like the Bank of England that make decisions to help people. They watch out for things like inflation and growth in the economy. It's like having a team of superheroes who make sure everything is going smoothly.