1 month ago
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The BBC is reporting that interest rates are widely expected to be cut by the Bank of England on Thursday, in a move closely watched by businesses and consumers.
Most analysts predict that the benchmark rate will fall from its current level of 5 per cent to 4.75 per cent.
That would make borrowing money cheaper, but is likely to reduce the returns available to savers.
The Bank’s Monetary Policy Committee meets eight times a year to set rates.
Later in the day, the US central bank – the Federal Reserve – will also publish its latest interest rate decision.
It will come just a day after Donald Trump won the presidential race.
English (US) ·