Three more UK interest rate cuts this year, predicts IMF

Quick Summary:

But the IMF also sees UK inflation going up as bills rise, while economies will be hit by Trump tariffs.

Trump argues that tariffs will encourage US consumers to buy more American-made goods, increase the amount of tax raised and lead to huge levels of investment in the country.

The IMF predicts that the UK will have higher than expected inflation this year for the Bank of England to battle.

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Article Details

Category: Business

Markets: United KingdomChinaFranceGermanyItaly

Topics: Year Bank Inflation Trade Higher Goods Expected England Tariffs 2025

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 21:40:07 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 28205163

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Official Website: bbc.co.uk

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Year Established: 1922

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