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Evening Standard
Evening Standard
Business
Anna Wise

Bank of England expected to cut interest rates to nearly three-year low

Interest Rates Bank of England Inflation Rachel Reeves Monetary Policy
The Bank of England is readying to cut interest rates to the lowest level in nearly three years (Yui Mok/PA) - (PA Wire)

The Bank of England is readying to cut interest rates to the lowest level in nearly three years, delivering a bout of “festive news” to borrowers, economists think.

The Bank’s Monetary Policy Committee (MPC) is widely expected to reduce interest rates from 4% to 3.75% on Thursday.

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