The Bank of England (BoE) has made a decision to cut interest rates by 0.25%, bringing the current interest rate to 4.75%. This move shows an adjustment in monetary policy to support the economy, possibly due to concerns about slow growth or to moderate the impact of inflation.
Meanwhile, the market is currently waiting for the US Federal Reserve (FED) decision on interest rates, which will be announced within 3 hours. This decision is expected to have a major impact on investor sentiment and volatility in global financial markets, including risky assets such as stocks and cryptocurrencies.
As of now, there is a 97.5% chance that the FED will cut interest rates by 0.25%.
