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]