BOE set to cut rates again as growth fears mount

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The Bank of England (BOE) is widely expected to lower its benchmark interest rate by 25 basis points to 4% on Thursday, continuing its once-a-quarter easing cycle as Britain’s fragile economy struggles with tepid demand, rising unemployment, and tax-heavy policy. According to Bloomberg data, traders are nearly unanimous in predicting the cut, even as inflation recently clocked its fastest pace in 17 months. The Monetary Policy Committee (MPC) appears to be prioritizing recessionary risks over pr...