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The Bank of England is expected to cut interest rates in the face of US tariffs threat

IndiaTimes Thursday, 8 May 2025
The Bank of England is anticipated to cut interest rates, likely by a quarter-point to 4.25%, despite near-term inflation concerns. This decision is largely influenced by potential economic shocks from US tariffs. Economists will closely examine the bank's updated economic forecasts for indications of a more proactive policy approach, especially concerning growth and inflation.
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Video Credit: ODN - Published
News video: Bank of England cuts interest rates to 4.25%

Bank of England cuts interest rates to 4.25% 00:32

The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at...

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