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International Business Times
International Business Times
Business

Bank Of England Set To Cut Rate Amid Trump's Tariffs

The Bank of England is widely expected to cut its key interest rate by a quarter point as US President Donald Trump's planned tariffs threaten to weaken economic growth (Credit: AFP)

The Bank of England is widely expected to cut its key interest rate by a quarter point Thursday as US President Donald Trump's planned tariffs threaten to weaken economic growth.

It follows the Federal Reserve's decision Wednesday to freeze US borrowing costs and last month's move by the European Central Bank to cut eurozone interest rates.

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