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Is the Bank of England ready to cut interest rates?

Market Questions is the FT’s guide to the week ahead
Markets expect, on balance, that the Bank of England will keep rates on hold before cutting them again in November.

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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