The Bank of England is set to cut its benchmark interest rate by a quarter-point on Thursday, to cope with the economic slowdown triggered by trade tariffs.
The Monetary Policy Committee is expected to reduce the Bank Rate to 4.25 percent from 4.50 percent.
The BoE had maintained its interest rate at its March meeting after reducing it three times since last year. The bank is also slated to publish its outlook for both inflation and economy for the first time since the announcement of trade tariff by the US administration in April.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.