Decision time: Governor Andrew Bailey has increasingly distanced UK and US monetary policyWhen will the Federal Reserve cut rates? That may mean the Bank cuts interest rates earlier and further than the Fed… the big and obvious risk is that UK inflation trends follow US trends.' When will the Bank of England cut rates? 'Whatever happens, it looks like the Bank of England may well cut rates ahead of the Fed, where we expect the first move in September. It might also rest on when the European Central Bank (ECB) starts to cut rates.

Source: Daily Mail May 04, 2024 13:09 UTC