Bank of England poised to cut rates as fears grow over impact of Trump tariffs

Image for article Bank of England poised to cut rates as fears grow over impact of Trump tariffs
News Source : Yahoo Entertainment

News Summary

  • Bank of England is poised to cut interest rates on Thursday
  • Financial markets suggest an almost 100% chance of a quarter-point reduction
  • Some economists argue that a bigger half-point cut is needed to help businesses and households
  • Trump’s trade battles will lead to a significant slowdown in trade
The monetary policy committee will meet on Thursday to make its first interest rates decision since Donald Trumps liberation day announcement.Photograph Martin Godwin/The GuardianThe Bank of Engla [+4326 chars]

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