Bank Of England Expected To Cut Interest Rates

LONDON (AP) — 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 Monetary Policy Committee will sanction a quarter-point reduction in the bank’s main interest rate to 4.25%. There’s some speculation that some members may opt for an even bigger half-point cut. Economists are going to be particularly interested in the bank’s accompanying economic forecasts as they will be the first since U.S. President Donald Trump made his tariff announcement in early April. Though tariffs on U.K. goods have been paused, uncertainty remains high.