Pressure rises on Bank of England and the Fed as the interest rate debate gets political
by Phillip Inman from Economics | The Guardian on (#6V0HG)
The UK is likely to make a cut this week; Trump has made it very clear he wants his central bank to follow suit
The Bank of England is preparing to announce a cut in UK interest rates on Thursday, with central banks around the world facing increased scrutiny as Donald Trump ramps up his attacks on the US Federal Reserve.
Trump wants lower borrowing costs to boost the economy, even though the US has maintained the highest rate of growth in the G7 richest nations for several years and has every prospect of topping the G7 poll in 2025.
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