Bank of England likely to cut interest rates today as new Trump tariffs kick in – business live
Thursday, 7 August 2025 () Rolling coverage of the latest economic and financial news Donald Trump hailed the new tariffs which kicked in at 5am UK time, or just after midnight on the US east coast. The US president repeated his claim that money was now “flowing” into the US, even though it is US importers who will stump up…
Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at...
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