Expectations of Bank of England rate cut rise
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The Bank of England expected to cut rates to 3.75%, offering relief for borrowers and impacting the UK economy.
Bank of England Deputy Governor, Markets and Banking, Dave Ramsden gestures during the central bank's Monetary Policy Report press conference at the Bank of England, in London, on November 7, 2024. HENRY NICHOLLS/Pool via REUTERS
The Bank of England is one of the most powerful institutions in the United Kingdom. It is responsible for setting interest rates, issuing bank notes, and maintaining confidence in the British currency. Britain's central bank is also one of the largest ...
The 25 bp cut on Dec 18 will bring the BOE’s rate to 3.75%, and is suggested as Britain’s ‘neutral rate’ Read more at The Business Times.
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Coverage of the Treasury select committee session on the recent Bank of England monetary policy reports on interest rates and inflation, from Tuesday 9 December.
A CryptoUK spokesperson told Decrypt the proposed restrictions “risk undermining the UK’s ambition to lead in digital finance.”