The Bank of England could discuss lowering interest rates at its policy meeting on Thursday, according to multiple media reports. A gloomy economic U.K. backdrop “could prompt at least one policymaker to push for a cut in borrowing costs to shore up stalling growth,” a Guardian report said. The central bank has asked banks to prepare for the possibility of a rate cut in a sign that it may be preparing for the U.K. voting to leave the European Union, a Times of London report said. Overall expectations are that the BOE on Thursday will keep its benchmark rate at a record low of 0.50%.
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