Bank of England poised to cut UK rates for second time this year

NAMPA / DPA

2024-11-07

London (PA Media/dpa) - UK borrowing costs are set to be cut for the second time this year, despite tax changes and a Donald Trump victory in the United States casting uncertainty over the future path of interest rates. Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% on Thursday. Rates currently sit at 5% after being cut by 0.25 percentage points in August, the first reduction since 2020, then......

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