Bank of England Interest Rate Cut ‘Almost Certain’ After Poor Growth

Interest Rate Cut Likely as UK Economic Growth Stalls in Spring 2025

UK Economy Shrinks Again in May, Raising Fears for Growth Outlook Unexpected GDP Decline Puts Pressure on Labour… The post Interest Rate Cut Likely as UK Economic Growth Stalls in Spring 2025 appeared first on IMP.NEWS.

Bank of England rate cut 'almost certain' after poor economic growth

The Bank of England is "almost certain" to cut interest rates next month after the economy slumped for a second month in a row, according to economists.

Bank of England interest rate cut ‘almost certain’ after poor growth

Fresh growth figures have fuelled speculation of an August interest rate cut in a bid to give the waning UK economy a shot of life. The Office for National Statistics (ONS) revealed on Friday the UK economy shrunk for the second consecutive month with a 0.1 per cent contraction in May. Deutsche Bank’s chief economist Sanjay Raja said a rate cut when the Monetary Policy Committee meets on August 7 was “almost certain” with “more to come” in the f…