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Evening Standard
Evening Standard
Business
Anna Wise

Bank of England poised to cut UK interest rates for second time this year

Interest Rates United Kingdom Bank of England Donald Trump James Smith Inflation ING
UK borrowing costs are set to be cut for the second time this year (Jordan Pettott/PA) - (PA Archive)

UK borrowing costs are set to be cut for the second time this year, despite tax changes and a Donald Trump victory in the US casting uncertainty over the future path of interest rates.

Most economists think policymakers at the Bank of England will opt to reduce interest rates to 4.75% on Thursday.

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