LONDON — The Bank of England is widely expected to cut interest rates Thursday, when policymakers deliver their first monetary policy decision following Labour's bumper budget announcement last week.
LONDON — The Bank of England cut interest rates by 25 basis points Thursday while raising its inflation forecast as Labour's bumper budget announcement muddies the outlook for future policy easing.
The Bank of England cut borrowing costs for the second time this year, but it stopped short of signaling faster easing, warning that the budget could drive up inflation by as much as half a percentage ...