Borrowing costs reduced for second time this year and Fed expected to cut US rates later today
The Bank of England has cut interest rates for a second time this year in a closely watched decision following the UK government budget and Donald Trump’s election as US president.
In a decision widely expected in financial markets, the Bank’s monetary policy committee (MPC) voted by a majority to reduce the base rate from 5% to 4.75%.
Continue reading…Borrowing costs reduced for second time this year and Fed expected to cut US rates later todayBusiness live – latest updatesThe Bank of England has cut interest rates for a second time this year in a closely watched decision following the UK government budget and Donald Trump’s election as US president.In a decision widely expected in financial markets, the Bank’s monetary policy committee (MPC) voted by a majority to reduce the base rate from 5% to 4.75%. Continue reading…
