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Welcome to Monday’s Money Minute, where we look ahead to this week’s biggest financial stories.
On Tuesday, we get the UK inflation figures for August. In July, annual inflation came in at 2.1%, almost bang on the Bank of England’s target.
Later that day, we get the latest decision on interest rates from the US Federal Reserve. US president Donald Trump has called for the Fed to cut rates from their current level of 2.25% all the way to 0%. That seems highly unlikely, but market do expect the Fed to cut rates by a quarter of a percentage point.
On Thursday, it’s the turn of first the Bank of Japan, and then the Bank of England to give their latest monetary policy decisions.
Given the ongoing absence of any clarity on Brexit, the Bank of England is unlikely to change anything, leaving the UK’s key interest rate at 0.75%.
With Japan’s key rate already at 0%, the Bank of Japan is also expected to sit on its hands.