UK inflation unexpectedly slowed, the Bank of England cut interest rates in February?
2025-01-15 17:39:15
< br > < span class = "section-news" > 1. Mitsubishi UFJ: Inflation data strengthens the reason for the Bank of England to cut interest rates in February, and British bond yields fell. In light of the recent sell-off in government bonds that has put pressure on the pound, British bond yields fell or boosted the pound. < br > < span class = "section-news" > 2. Deutsche Bank: Falling inflation in the UK clears the way for the Bank of England to cut interest rates in February. Inflation may pick up later, but the recovery may be temporary and is expected to fall near the target level next year. < br > < span class = "section-news" > 3. ICAEW Economic Director: The unexpected drop in UK inflation makes the Bank of England more likely to cut interest rates in February, but recent market turmoil and concerns about rising global inflation risks may prevent interest rate cuts. < br > < span class = "section-news" > 4. Quilter Investors Strategist: UK inflation is lower than expected, and the pound first fell and then rose; this may be because the Bank of England may have difficulty cutting interest rates once rising mortgage costs are taken into account. < br > < span class = "section-news" > 5. Reuters media IFR: The unexpected decline in UK inflation only enhances the possibility of a rate cut in February; but pricing on a meeting basis, the curve shows that the Bank of England is more likely to stay put. < br > < span class = "section-news" > 6. MHA Economic Advisor: UK inflation unexpectedly slowed, but price growth is likely to remain above target in the coming year, so the Bank of England is expected to cut interest rates more slowly than its European counterparts. < br > (The market currently sees an 84% chance that the Bank of England will cut interest rates by 25 basis points on February 6)