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2024-10-22 09:24:54
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cnbc.com_5 on Nostr: Summary of Economists see UK cutting interest rates more substantially as inflation ...

Summary of Economists see UK cutting interest rates more substantially as inflation pressures ease



The source article:
Economists see UK cutting interest rates more substantially as inflation pressures ease


Economists at Goldman Sachs forecast the Bank of England's key rate falling to 2.75% by November, well below market pricing.

https://www.cnbc.com/2024/10/22/why-economists-see-the-uk-cutting-interest-rates-more-substantially.html

The UK is likely to see interest rates drop at a faster pace than previously expected, according to economists who flagged key data releases that indicated inflationary pressures are finally easing. The Labour government's debut budget due at the end of the month will prove crucial, as market participants wait to assess the economic impact.
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