Reported 17 days ago
Bank of England Chief Economist Huw Pill stated that future interest rate cuts will depend on the UK's ability to avoid major economic disturbances following Donald Trump's re-election. He highlighted the potential risks to the UK economy from global events, suggesting that while the central bank could ease policies if inflation pressures decrease, uncertainty remains high. The BOE has signaled caution in its approach to cutting rates, especially with Trump's administration potentially impacting global trade and inflation.
Source: YAHOO