UK interest rates tipped for cut
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The Bank of England looks set to cut UK interest rates amid signs of a slowing economy, analysts say.
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The FTSE lost ground on Thursday as the Bank of England delivered the expected cut in UK interest rates but cautioned on rising inflation.
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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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The Federal Reserve cut U.S. interest rates by a hefty half-percentage point on Wednesday as part of an ongoing aggressive effort to halt a sharp slowdown in an economy hit by a housing slump and a credit crunch.
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Bank of England policymakers were widely predicted to freeze British interest rates at 4.75 percent after a surprise hike to borrowing costs last month, experts said.
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The Bank of England is widely expected to leave interest rates unchanged at 4.75 percent on Thursday after recent signs that a string of hikes have started to douse the red-hot housing market.
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The Bank of England is expected to hold rates at 5.5% after its latest meeting, but a rise remains a possibility.
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The Bank of England&#39;s Monetary Policy Committee voted unanimously to keep interest rates steady at 4.75 percent earlier this month, but analysts say another
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US central bank chief hints at interest rate cut to ease credit crisis.
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Economic data released Wednesday supports decision to cut interest rates.
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Experts expect the Bank of England to leave interest rates on hold at 4.75% on Thursday.
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The Bank of England is set to keep UK interest rates on hold at 4.75% after five increases since last November.
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UK interest rates will most likely be kept on hold on Thursday, but analysts say it will be a very close decision.
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The Bank of England's Monetary Policy Committee cuts interest rates to 5.25% from 5.5%.
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The Bank of England appears set to hold interest rates steady for at least the next few months after revealing policymakers did not even discuss raising borrowing costs at their November meeting.
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UK interest rates are expected to remain on hold at 4.75% following the Bank of England's latest rate-setting meeting.
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UK interest rates may have peaked at their current level of 4.75%, the Bank of England has signalled in its quarterly inflation report.