Economists broadly expect the Bank of England to announce a second consecutive interest-rate cut at its policy meeting on Thursday, according to market commentary published over the weekend. The anticipated move comes as higher taxes, subdued consumer spending and a slowdown in hiring sap momentum from the UK economy. Analysts say policymakers appear willing to look past a recent pickup in inflation in order to bolster demand and protect employment.
#BoE is likely to deliver another interest-rate cut on Thursday, as tax hikes and wary consumers hamper Britain’s economy and prompt firms to slow hiring, chart @economics https://t.co/qpZhWRpQZZ https://t.co/LEO9LiAAhJ
BOE is probably about to cut rates despite a spike in inflation https://t.co/NDvSv4tg4u via @tomelleryrees @CraigStirling https://t.co/CaD9aVnix0
Bank of England Is Widely Expected to Deliver Another Rate Cut in August