The Bank of England may be the first to start an interest rate cutting cycle, with the Federal Reserve likely to follow suit next month.

According to the Financial Intelligence APP, against the background of weak global economic growth and coexisting inflation pressure, the Bank of England is expected to announce an interest rate cut this Thursday, becoming one of the major central banks to adopt loose monetary policy first in the current cycle. This may also foreshadow the Federal Reserve following suit at its next interest rate meeting next month.