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Bank Predicted to Cut Interest Rates Amid US Tariff Concerns
The Guardian
|August 04, 2025
Bank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to global trade from Donald Trump's fresh round of import tariffs.
City traders are betting that the Bank's nine-member monetary policy committee will reduce the headline rate on Thursday by 0.25 percentage points to 4%, marking the fifth cut since last August and taking interest rates back to where they were in March 2023.
Financial markets have put the chance of a reduction at the August meeting at more than 80% and are pencilling in a further quarter-point reduction before the end of the year.
This story is from the August 04, 2025 edition of The Guardian.
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