Reported about 1 year ago
The Bank of England is expected to lower interest rates next month, potentially benefiting Prime Minister Keir Starmer's freshly elected Labour government. Economists caution that the rate cut could shift away from high borrowing costs. Investors are pricing in a 60% chance of a rate cut on August 1st, the first since the pandemic, offering relief to homeowners facing rising mortgage rates. However, speculation arises on potential fiscal policies from Starmer’s Chancellor and the impact on inflation and future rate cuts.
Source: YAHOO