The Bank of England is anticipated to lower interest rates from 4.5% to 4.25% in response to a deteriorating economic outlook exacerbated by global trade tensions related to Donald Trump. Economists predict this move will provide relief to mortgage holders and potentially stimulate growth. Some analysts also suggest a more aggressive cut of 0.5% may be recommended. Reports indicate inflation has declined, supporting the argument that lowering rates could be beneficial to households and businesses during these challenging economic times.
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The Bank of England is poised to cut interest rates in a boost to mortgage-holders, as the UK's economic growth outlook worsens.
While most economists expect rates will be reduced from 4.5 to 4.25 per cent, some committee members could push for a larger cut.
Economists will be paying close attention to the Bank's forecasts for inflation and economic growth, which could both be downgraded.
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