Bank of England Rate Cut

This is a U.K. news story, published by CNBC, that relates primarily to The Bank of England news.

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BOE rate cuts

CNBC

•

Business

Business & Economics

Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs

Summary

Nutrition label

85% Informative

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

Money markets are pricing in a 98% probability of a quarter -point rate cut at the February meeting.

The BOE opted to hold at its previous gathering in December , citing "elevated" services inflation of 5% .

It the central bank presses ahead with a swift pace of easing, the U.K. government bond market "could suffer a credibility penalty in the form of a significantly higher term premium," he said, adding this would limit the scope of the government to spend to boost the economy at a time when it "desperately needs a dose of productivity-driven growth." U.K. borrowing costs spiked in January amid a global bond market sell-off and stoked by concerns about Britain 's deficit and weak growth forecasts. Borrowing costs have since fallen significantly..

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful