Reported 3 days ago
Investors have reassessed the likelihood of two quarter-point interest rate cuts from the Bank of England next year, reducing anticipated cuts to 49 basis points amid persistent inflation concerns. Recent UK employment data indicated higher wage growth, raising worries about ongoing price pressures, particularly in services inflation, which remains high at 5%. The BOE is expected to keep its current rate steady at 4.75% in its upcoming meeting.
Source: YAHOO