Central Banks Prepare Rate Cuts: What It Means for Borrowers
Update: 2025-12-07
Description
Central banks on both sides of the Atlantic gear up for interest rate cuts, potentially lowering borrowing costs for millions of homeowners and businesses. The Federal Reserve is expected to cut rates this Wednesday, while the Bank of England is widely anticipated to follow suit the next week. President Trump expresses desire for lower rates, with potential replacements for Federal Reserve Chairman Jerome Powell in the spotlight. Bank of England Governor Andrew Bailey set to give a speech this Wednesday, with analysts eagerly awaiting hints on a potential rate cut. Investors predict more rate cuts next year, with some economists even suggesting three more cuts by next summer.
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