Bank of England to cut interest rates to 4.5% as economic growth stagnates

A CNBC report revealed that economists are betting on the Bank of England cutting rates by 25 basis points from 4.75% to 4.5% in the Thursday Monetary Policy Committee meeting. The expected rate cuts come as the UK economy continues to stagnate, with tax and wage hikes hitting businesses and U.S. President Donald Trump threatening to increase tariffs on global imports. source: https://www.cryptopolitan.com/bank-of-england-to-cut-interest-rates/