Reported 2 days ago
Traders in the UK have revised their projections for further interest rate cuts by the Bank of England (BOE) after a surprising increase in inflation, now predicting fewer than two reductions through December. Current money markets reflect only 49 basis points of potential easing, the lowest since January. The outlook has been complicated by rising consumer prices and the need for policymakers to balance growth support against inflation risks.
Source: YAHOO