The Bank of England is expected to cut interest rates by 25 basis points on Thursday, assessing the impact of Trump's tariffs for the first time
2025-05-08 06:58:37
The Bank of England will announce its interest rate decision at 19:02 Beijing time on Thursday, and the market is widely expected to cut interest rates by 25 basis points to 4.25%. According to a Bloomberg survey, 32 economists expect this rate cut. Affected by Trump's tariff policy, the central bank may for the first time fully assess its impact on the economy and may hint at further rate cuts in June. Traders expect the Bank of England to cut interest rates by a total of 100 basis points to 3.5% this year. If the rate is cut, it will be the first consecutive rate cuts by the Bank of England since 2009. (Jin Ten)
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