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BANK OF ENGLAND COULD SIGNAL FASTER RATE CUTS AFTER TRUMP TARIFFS

  • NEWS Desk Global
  • 6 days ago
  • 1 min read



The Bank of England is expected to lower interest rates by a quarter point on May 8 as U.S. President Donald Trump's tariffs darken the global growth outlook, and some economists think the BoE will soon need to speed up its gradual approach to rate cuts.

BoE Governor Andrew Bailey, speaking in Washington last week after the International Monetary Fund downgraded UK and global growth prospects, said he was taking "very seriously" the risks posed by Trump's tariffs.


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