Bank of England poised to cut interest rates on Thursday

<p>Quarter-point reduction expected, with City investors predicting a three-way split among rate setters</p><p>The Bank of England is poised to cut interest rates on Thursday despite a growing divide between its policymakers over the dangers to the economy from high inflation and rising unemployment.</p><p>In a development that will ease pressure on households and businesses, City forecasters expect the central bank to announce a quarter-point cut, its fifth rate reduction in a year.</p> <a href="https://www.theguardian.com/business/2025/aug/07/bank-of-england-cut-interest-rates-thursday-quarter-point">Continue reading...</a>