BOE Is Probably About to Cut Rates Despite a Spike in Inflation

BOE Is Probably About to Cut Rates Despite a Spike in Inflation

The Bank of England is likely to deliver another interest-rate cut on Thursday, as tax hikes and wary consumers hamper Britain’s economy and prompt firms to slow hiring.

BOE Is Probably About To Cut Rates Despite A Spike In Inflation

The Bank of England is likely to deliver another interest-rate cut on Thursday, as tax hikes and wary consumers hamper Britain’s economy and prompt firms to slow hiring.The Monetary Policy Committee is widely expected to reduce its benchmark rate by 25 basis points, to 4%, sticking to its once-a-quarter pace of cutting. In contrast to the caution of the US Federal Reserve, which kept borrowing costs unchanged again on Wednesday, the BOE is looki…

Week Ahead – BoE to Likely Cut in Split Vote – Trade Turmoil Unlikely to End - Action Forex

Bank of England decision to be the week’s main event. ISM services PMI is only other highlight in relatively quiet week. Market sentiment might struggle in aftermath of Trump’s August 1 tariffs. BoE faces tough balancing act The Bank of England will keep the central bank theme going over the coming week as it’s next […] The post Week Ahead – BoE to Likely Cut in Split Vote – Trade Turmoil Unlikely to End appeared first on Action Forex.