US Edition100% chance that Bank of England will cut interest rates next month, markets predict
- The Bank of England is expected to reduce the base interest rate to 4.25% in May due to economic pressures, according to market predictions.
- Megan Greene stated that US trade tariffs present more of a disinflationary risk than an inflationary risk for the UK economy.
- Greene noted that there are no signs of rising unemployment due to the policy implemented in early April.
- She warned that re-patterning of supply chains might increase inflation risks in the future, emphasizing ongoing economic uncertainty.
9 Articles
9 Articles
Bank Of England May Interest Rate Cut A Certainty, Financial Markets Predict - Great Yorkshire Radio
LSEG data early on Tuesday had shown an 82% likelihood of a reduction from 4.5% to 4.25% on 8 May. But the doubt disappeared shortly after remarks on inflation by a member of the rate-setting committee. Megan Greene, who voted with the majority for a hold at the last meeting in March, told Bloomberg that US trade tariffs are more likely to push down on UK inflation than raise the pace of price increases. Money latest: Trump’s ‘major loser’ attac…
Bank of England May interest rate cut a certainty, financial markets p
Financial markets have priced in a 100% chance of a Bank of England interest rate cut next month, as the effects of Donald Trump’s evolving trade war continue to play out in the global economy. LSEG data early on Tuesday had shown an 82% likelihood of a reduction from 4.5% to 4.25% on 8 May. But the doubt disappeared shortly after remarks on inflation by a member of the rate-setting committee. Megan Greene, who voted with the majority for a hold…
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