Reported about 6 hours ago
Major brokerages such as Goldman Sachs and Morgan Stanley anticipate that the Bank of England (BoE) will not implement any further interest rate cuts in 2025 following a recent pause in rate changes. This decision comes after the BoE lowered rates in August while grappling with persistent inflation at 3.8%, the highest among developed nations. Analysts suggest that while cuts may not occur this year, future adjustments may depend on economic data, with predictions of potential cuts starting in early 2026.
Source: YAHOO