BANK OF ENGLAND TO RESUME RATE CUTS WITH OUTLOOK COMPLICATED BY TAX HIKES AND TRUMP TARIFFS

The Bank of England is expected to cut interest rates on Thursday.

This comes as the UK economy grows slowly, and business taxes are set to increase.

U.S. President Donald Trump’s tariff threats are also affecting the market.

Money markets show a 98% chance of a 0.25% rate cut, bringing rates to 4.5%.

In December, the BOE kept rates unchanged because of high inflation.

Since then, overall inflation fell to 2.5%, and services inflation dropped to 4.4%.