The Bank of England is widely expected to lower interest rates on Thursday, marking its first cut since June 2023, as policymakers respond to weakening economic conditions. The nine-member Monetary Policy Committee is anticipated to reduce rates by a quarter point to 4.

Good morning. The Bank of England is expected to cut interest rates today. US Treasury Secretary Scott Bessent is focused on lowering yields, not rates. And Man City’s trouble is spreading from the pitch to politics.

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.