Bank of England poised to cut interest rates on Thursday - short news
Quarter-point reduction expected, with City investors predicting a three-way split among rate setters
The Bank of England is poised to cut interest rates on Thursday despite a growing divide between its policymakers over the dangers to the economy from high inflation and rising unemployment.
In a development that will ease pressure on households and businesses, City forecasters expect the central bank to announce a quarter-point cut, its fifth rate reduction in a year.
..source: The Guardian - 07.08.2025