Property & Finance Market Updates - Hosted by Cator Wells
Property & Finance Market Updates - Hosted by Cator Wells
February 4, 2025 at 09:12 AM
*Bank of England to cut interest rates as growth stalls* City experts anticipate that the Bank of England will implement a third interest rate cut this Thursday, reducing the benchmark Bank Rate to 4.50%. Sanjay Raja, chief UK economist at Deutsche Bank, said: “Gradualism, we think, will remain front and centre for the MPC given two-sided risks to the inflation outlook.” The Bank's upcoming forecasts are expected to reveal weaker growth and higher unemployment, with growth estimates for 2025 likely revised down to around 1%. Despite anticipated weaker growth, inflation is projected to rise, potentially reaching 3.3% by spring, influenced by increased energy prices and a weaker pound.

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