Live coverage of business, economics and financial news as ECB cuts main interest rate by 0.25 percentage points in effort to support growth

Annual inflation in Zambia fell to 6.1 percent in September, its lowest level since February 2018, driven by slowing food prices and setting the stage for potential interest rate cuts.

The Bank of England is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and to lower it once more before the end of the year, despite consumer price inflation rising to close to double the central bank's 2% target in June.

Borrowing costs are forecast to fall to 4%, the lowest since early 2023, despite higher inflation.

City predicts quarter-point drop to 4% when MPC meets on Thursday

Morgan Stanley expects the Bank of England to cut interest rates five times in 2025 in an attempt to support a stuttering economy.

Markets are significantly underestimating the chance that the Bank of England will have to step up the pace of cutting interest rates.

Asian shares charge higher after US stocks rally to records on hopes for interest rate cuts  ABC News

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Trump has branded Powell with the nickname "Too Late" as a criticism of the Fed Chair's continuing decision to hold interest rates steady.