Pound Sterling Declines Even Though BoE Dovish Bets Ease
Britain's Public Sector Net Borrowing Rises in October
Seeking a Tariff Haven? The UK Stock Market Might Be Just That
UK Treasury Borrowed More-Than-Forecast £17.4 Billion in October
West Pacific Banks: The Reserve Bank of Australia will cut interest rates for the first time in May next year
Gelonghui, November 21｜Westpac is now forecasting that the Reserve Bank of australia will begin to cut interest rates in May next year, later than the previous prediction of February. The bank's chief economist, Luci Ellis, stated, "Similar to some predictions from peers, we expect the initial rate cuts to be somewhat ahead of schedule, likely occurring consecutively at the end of May and the beginning of July." This differs from the prior expectation of Westpac reducing rates once each quarter. However, Westpac still expects that by the end of next year, interest rates will decrease from the current 4.35% to a lower limit of 3.35%.
UK Inflation Surges To 2.3% In October, Surpassing BoE Target