Bank of England to make interest rate announcement this week – what to expect

Bank of England to make interest rate announcement this week – what to expect Announcements are watched closely by savers, borrowers and financial markets in the UK and worldwide The latest announcement will take place on the 80th anniversary of VE Day (Image: Getty Images ) The Bank of England is set to make its latest interest rate announcement on Thursday, May 8, with it widely accepted that it will cut rates down from the current 4.5%. Most economists are expecting rates to be reduced by 0.25% on Thursday to ease costs for borrowers as the impact of US tariffs…