Interest Rates Must Not Be Cut 'Too Quickly', Says Bank of England Chief
BoE: Cut Rates as Widely Expected – TDS
Bank of England Cuts Rates, Downplays UK Budget Impact, Says ING
Traders expect the Bank of England not to cut interest rates again this year.
Gelonghui on November 7th: British pound rose because the increase in government spending in the United Kingdom cast a shadow on the prospect of price pressure, leading traders to reduce bets on further easing of monetary policy by the Bank of England. The pound rose 0.4% to $1.2935 on Thursday, after the Bank of England voted to cut interest rates by 25 basis points, in line with market expectations. Central bank officials said that if the economy develops as expected, borrowing costs may continue to decline gradually. This statement confirms the market's expectation that this is the last rate cut of 2024. The Bank of England warned that the additional spending plan announced by the new government in the United Kingdom last week could push inflation up by as much as 0.
BOE Rate Cut in December Looks Uncertain -- Market Talk
Express News | Institutions: Rate cuts combined with fiscal stimulus are expected to boost investment in the United Kingdom.