‘Two huge cash rate decisions’ expected from US, UK English Headline

Englishheadline Business Reporter Edward Boyd says there will be “two huge cash rate decisions” from the UK and US this week.

“The Bank of England is making its decision on Thursday, it was meant to make the call a week ago, but it’s been delayed for seven days due to the passing of Queen Elizabeth II,” Mr Boyd told Englishheadline Australia.

“So, we’ll hear from the Bank of England Governor overnight on Thursday; they’re expected to lift their cash rate by 50 basis points.”

He also said on Thursday, we’ll hear from US Federal Reserve chairman Jerome Powell, with the Reserve expected to lift the cash rate by 75 basis points.

English Headline

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