India is expected to cut interest rates for the first time in nearly five years on Friday to provide stimulus to its sluggish economy, with easing price pressures giving policymakers more room to manoeuvre.

The Bank of England has cut its main interest rate for the third time in six months with the British economy struggling to post any meaningful growth. In a statement Thursday, the bank said the nine-member Monetary Policy Committee lowered its main interest rate by a quarter of a percentage point to 4.

The Bank of England cut interest rates by a quarter percentage point on Thursday as the UK economic outlook darkens, alongside the looming threat of President Trump's trade policy. Why it matters: The central bank now expects the UK to grow slightly,

The Bank of England looks set to cut interest rates on Thursday for only the third time since just after the start of the COVID-19 pandemic in 2020, as it juggles the need to help the sluggish economy with still-strong inflation pressures.

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.