The Bank of England has made a change. They have cut their rates to 4.5%. This means things might cost less money now. It's like having a sale at a store! Some people might not understand what this news means. But it's important to know about money and how it works. The Bank of England is a place that helps control money in a country. When rates are lowered, it can help people borrow money more easily. This means they can buy things like houses or cars without paying as much in interest. It's like getting a discount on a big purchase! But why did the Bank of England make this change? It could be because they want to help the economy grow. When people can buy more things, it can create more jobs and make the country stronger. It's like planting seeds in a garden. When you water them and give them sunlight, they grow big and strong. The Bank of England is like the gardener, helping to make sure the seeds of the economy grow well. So, the next time you hear about the Bank of England or interest rates, remember that it's all about helping people and the economy. And maybe one day you'll understand even more about how money works in the world!