Jin10 data reported on May 5, it is expected that the Bank of England will carry out the fourth interest rate cut in this round of easing cycle on Thursday and provide some hints about its possible response to the U.S. raising tariffs. The Bank of England is more cautious than other central banks in Europe, which have already cut rates seven times. In the face of a potentially severe economic recession, the Bank of England may abandon this cautious stance and may join other central banks in responding to the slowing economic growth outlook by cutting rates. Economists at JPMorgan wrote: "Since Trump's liberation day, central banks around the world have made mistakes in caution, despite the increasing downside risks to economic growth, they have only made limited rate cuts, but their rhetoric remains mild, and we expect the pace of easing policies to accelerate."
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The Bank of England is expected to make its fourth interest rate cut and hint at tariff responses.
Jin10 data reported on May 5, it is expected that the Bank of England will carry out the fourth interest rate cut in this round of easing cycle on Thursday and provide some hints about its possible response to the U.S. raising tariffs. The Bank of England is more cautious than other central banks in Europe, which have already cut rates seven times. In the face of a potentially severe economic recession, the Bank of England may abandon this cautious stance and may join other central banks in responding to the slowing economic growth outlook by cutting rates. Economists at JPMorgan wrote: "Since Trump's liberation day, central banks around the world have made mistakes in caution, despite the increasing downside risks to economic growth, they have only made limited rate cuts, but their rhetoric remains mild, and we expect the pace of easing policies to accelerate."