The invention relates to a cutting tool comprising a main part that can be rotationally driven about a rotational axis, at least one cutting insert holder mounted on the main part such that it can be radially adjusted, and an adjusting device for adjusting the position of the cutting insert holder relative to the main part. The cutting insert holder is mounted in a guide recess in the main part such that it can be moved transversely, preferably radially, to the rotational axis, and the adjusting device has an adjusting element that is arranged such that it can be moved inside the main part transversely to the rotational axis and transversely to the displacement direction of the cutting insert holder and supports the cutting insert holder.