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BOE Cuts Rates to 4.25% in Three-Way Split as Tariffs Hit Growth
The Bank of England cut interest rates by a quarter point to 4.25% as Donald Trump’s global trade war weighs on UK growth, in a decision that split senior officials into three groups and was made before the US President hinted at an imminent deal to lower tariffs on British exports.
In a quarterly forecast update on Thursday, the BoE trimmed its expectation for inflation this year, seeing it peaking at ...
Inflation is likely to remain stubbornly high this year, the National Institute of Economic and Social Research said as it ...
Update: The revised post reflects European markets closing indices. The new US-UK trade deal maintains the 10% U.S. tariffs ...
A UK-EU summit, bets for Thursday's Bank of England rate cut to be followed by more easing this year and a wider move into Europe and Asia by investors spooked by potential tariff hits to U.S. growth ...
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