Bank of England set to hold rates again, but markets see no cuts on the horizon
Publishing timestamp: 2023-11-01 04:59:37
Summary
The Bank of England is expected to keep interest rates unchanged due to moderating price pressures and weakening economic activity. Recent data shows a decrease in business activity and lower confidence in the business outlook. The article suggests that the hit to UK growth from previous rate hikes may be greater than expected, leading to a quick subsiding of inflation pressure. Central banks around the world are reaching the end of their monetary tightening cycles.
Sentiment: MIXED
Keywords: u.s. 10 year treasury, breaking news: investing, business news, central banking, barclays plc, investment strategy,