Markets predict quarter-point cut to 5% when policymakers’ decision is announced on Thursday
The Bank of England is braced for a knife-edge decision on interest rates as policymakers consider whether to cut borrowing costs for the first time since the start of the Covid pandemic.
After a sharp fall in inflation this year, Threadneedle Street is poised for a first reduction in borrowing costs since ratcheting up interest rates from a record low of 0.1% in December 2021 to the current level of 5.25%.
