The Bank of England’s monetary policy decision on Thursday will be a key investor focus after the European Central Bank cut interest rates for the second time since the coronavirus pandemic and with the US Federal Reserve expected to start its cutting cycle on Wednesday.
Economists are discussing whether the data supports a back-to-back cut in interest rates after the BoE in August lowered borrowing costs — by a quarter of a percentage point — for the first time in more than four years.
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