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

Bank of England expected to cut interest rates in face of US tariffs threat https://www.taxtmi.com/news?id=43218 The Bank of England is expected to cut its main interest rate as a response to a demand shock from announced U.S. tariffs, prioritising growth risks over near-term inflationary pressures. The Monetary Policy Committee's forthcoming forecasts-first published after the tariff announcement-will guide whether further proactive loosening is appropriate, reflecting tensions between trade-policy shocks, oil-price effects, and central bank rate-setting compared with other jurisdictions. en-us Thu, 08 May 2025 12:01:03 +0530 Thu, 08 May 2025 12:01:03 +0530 TaxTMI RSS Generator Bank of England expected to cut interest rates in face of US tariffs threat https://www.taxtmi.com/news?id=43218 The Bank of England is expected to cut its main interest rate as a response to a demand shock from announced U.S. tariffs, prioritising growth risks over near-term inflationary pressures. The Monetary Policy Committee's forthcoming forecasts-first published after the tariff announcement-will guide whether further proactive loosening is appropriate, reflecting tensions between trade-policy shocks, oil-price effects, and central bank rate-setting compared with other jurisdictions. News - Thu, 08 May 2025 12:01:03 +0530 https://www.taxtmi.com/news?id=43218