Will Trump's tariffs impact Bank of England's interest rates decision?
City analysts have pencilled in their predictions for the Bank of England’s next big interest rate decision on Thursday, predicting that policymakers will say interest rates will be cut to 4.25 per cent. The Bank of England’s inflation forecast for this year will exceed its two per cent target, and President Trump’s tariffs will be highlighted as a detriment to UK growth. Nonetheless, Rachel Reeves will celebrate the cut and list off its plans to drive higher growth. In a world of flimsy policymaking and flaky objectives, the predictability of what the Bank’s Monetary Policy Committee (MPC) will conclude at its next interest rates decision on Thursday may be refreshing. #tariffs #trade #donaldtrump #trump #bankofengland #bank #banking #interestrates #rates #business #businessnews #finance #financialnews #money #personalfinance #economy #economics #politics #politicalnews #news #uk #uknews #ukpolitics #ukeconomy