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Market Extra: Expect the Bank of England to cut rates on ‘Super Thursday’ — here’s why

The Bank of England is widely expected to cut interest rates for the first time in seven years this week, in reaction to a string of data pointing to a sharp economic downturn following the U.K.’s vote to leave the European Union.

After shocking market participants by failing to deliver any policy moves at its July meeting, analysts are now virtually certain Gov. Mark Carney and the bank’s Monetary Policy Committee will deliver some highly anticipated easing measures aimed at countering the Brexit-induced hit to the economy. The central bank will release its rate decision, minutes and quarterly inflation report on Thursday, in what has been dubbed “Super Thursday.

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