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The Independent UK
The Independent UK
Business
Anna Wise

Interest rates set to stay put amid ‘fog of uncertainty’ over Trump tariffs

Donald Trump Interest Rates MPC Inflation Sandra Horsfield United Kingdom Bank of England United States

The Bank of England is widely predicted to maintain its current interest rate amidst uncertainty surrounding US President Donald Trump’s trade tariffs and impending UK tax increases.

Experts anticipate the Monetary Policy Committee (MPC) will hold rates at 4.5 per cent on Thursday, continuing the gradual easing of borrowing costs initiated in August 2024.

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