London | The Bank of England is set to cut interest rates by a quarter point this week and may even pave the way for a series of back-to-back reductions for the first time since 2009 as it responds to America’s global trade war.
Most economists believe Britain’s central bank will switch to a dovish stance after judging that US President Donald Trump’s tariffs – and uncertainty about his future plans – will weigh on growth and temper inflation.
