{
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uk interest rates expected to drop as inflation pressures ease

The Labour government, facing a £22 billion financing shortfall, is preparing a challenging October budget aimed at revitalizing the sluggish economy without returning to austerity. Economists anticipate a faster pace of interest rate cuts as inflation eases, with expectations for the Bank of England to lower rates to 4.5% by year-end and potentially to 3% by September 2025, contingent on the budget's impact.
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British Pound Sterling The Goldman Sachs Group, Inc. International Energy Agency Deutsche Bank Aktiengesellschaft AXA SA Moody's Analytics Inc. GBR Gilles Moëc Rachel Reeves Keir Starmer Ruth Gregory Sanjay Raja Show more
Finance & Economy, Market Report
07:33 22.10.2024
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