Bank of England weighs when to cut interest rates in the UK

Economists and markets expect the BoE’s nine-member Monetary Policy Committee to keep the benchmark lending rate at 5.25%. — AFP

BANK of England (BoE) governor Andrew Bailey may deliver a lift to British consumers with a stronger signal on when the central bank can lower borrowing costs from its highest in 16 years.

Economists and markets expect the BoE’s nine-member Monetary Policy Committee (MPC) to keep the benchmark lending rate at 5.25%.