Bank of England to cut rate
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The Bank of England cut interest rates on Thursday after a narrow vote by policymakers, but it signalled that the already gradual pace of lowering borrowing costs might slow further.
The Monetary Policy Committee (MPC) is widely expected to cut UK interest rates at noon today, down from 4% to 3.75%
Investing.com - U.S. stock futures trade mostly higher Thursday, helped by a positive update from chipmaker Micron, but the release of the latest U.S. inflation data could easily swing sentiment. Europe sees a number of central bank policy meetings, with the Bank of England likely to be the only one to ease monetary policy.
The 25 bp cut on Dec 18 will bring the BOE’s rate to 3.75%, and is suggested as Britain’s ‘neutral rate’ Read more at The Business Times.