US EditionInterest rates expected to be cut by Bank of England
- The Bank of England plans to cut its key interest rate by 0.25 percentage points to 4.25% on Thursday, May 8, 2025.
- The rate cut follows expectations that the bank will lower its inflation and growth forecasts for 2025 amid economic pressures from US tariffs.
- Policymakers face uncertainty due to global trade tensions and weaker growth, with Governor Andrew Bailey highlighting the risks of escalating tariffs on the UK economy.
- Consumer Prices Index inflation slowed from 2.8% in February to 2.6% in March, and analysts predict that rate cuts could ease borrowing costs and support the economy.
- The Monetary Policy Committee’s decision may signal a cautious approach, with markets keenly watching for indications of further cuts amid continuing trade uncertainties.
80 Articles
80 Articles
Why many assume interest rates will fall further - but no one really has a clue
The UK central bank thinks Trump tariffs will be much less damaging than many assumed, with the impact not enough to push the UK into recession. But today's forecasts underline it's becoming fiendishly difficult to predict the future.
Bank of England Expected to Cut Interest Rates in Face of US Tariffs Threat
Get latest articles and stories on World at LatestLY. The Bank of England is widely expected to look past near-term inflationary pressures in the British economy and opt to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration. World News | Bank of England Expected to Cut Interest Rates in Face of US Tariffs Threat.
Ottumwa Courier
The Bank of England is expected to cut interest rates in the face of US tariffs threat
The Bank of England is widely expected to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration. Most economists think it’s a near-certainty that the nine-member…
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