US EditionBank of England could signal faster rate cuts after Trump tariffs
- The Bank of England is set to cut its base interest rate by 25 basis points to 4.25% at the Monetary Policy Committee meeting on 8 May 2025 in response to global economic pressures.
- This rate cut follows disruptions from US tariffs imposed by Donald Trump last month, which have rattled markets and reduced growth forecasts for the UK economy.
- Economists from Barclays and Morgan Stanley predict several further cuts through 2025, potentially lowering the base rate to as low as 2.75%, reflecting market expectations of a swift easing cycle.
- Barclays expects four consecutive cuts starting in May, with mortgage rates already trimmed by up to 0.25 percentage points, making potential savings over £500 annually on typical loans.
- These reductions offer relief to borrowers amid sluggish growth and inflation above the 2% target, but the Bank remains cautious about inflation risks and the possibility of a prolonged global downturn.
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Mortgage relief in sight as BoE set to cut interest rates at fastest pace since 2008 financial crisis
Good news for homeowners as Bank of England tipped to cut interest rates at fastest pace since financial crisis - The Bank of England is set to cut interest rates sharply in the coming months, in what could be the fastest round of cuts since the 2008 crash, economists have said
·London, United Kingdom
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Total News Sources17
Leaning Left3Leaning Right2Center4Last UpdatedBias Distribution44% Center
Bias Distribution
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C 44%
R 22%
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