Institution: The Bank of England may lower interest rates to 3.75% by the end of the year.

[Institution: The Bank of England may lower interest rates to 3.75% by the end of the year] Economists at Investec Economics stated in a report that due to signs of weakness in the UK labor market, the Bank of England may lower interest rates two more times by the end of 2025, bringing the bank rate down to 3.75%. The latest UK labor market data shows that the unemployment rate rose to 4.7% in the three months to May. The institution's economists stated: "We still believe that the bank rate will be 3.75% by the end of the year, and the rate will be 3.00% by the end of 2026."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)