Start, stop and now start again: the Bank of England (BOE) is ready to cut interest rates, and perhaps more movements after a gradual path. Will the pound suffer?
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The Boe has to deal with great uncertainty
The interest rates of the United Kingdom have room to fall from the current rate of 4.50%, but if prices go up and the economy is maintained, perhaps the direction could change. Fortunately, inflation has been decreasing, allowing another decrease in interest rates. However, there is a lot of uncertainty.
Great Britain signed a commercial agreement with India, but that is lower compared to conversations with the US, and in general, the impact of US tariffs on the global and British growth trajectory.
The next decision is one of “Super Thursday” in which the BOE publishes its quarterly monetary policy report (MPR) in addition to the regular rates decision and the minutes of the accompanying meeting.
Coming a day after the decision to maintain by the Federal Reserve (Fed), perhaps the governor of the BOE, Andrew Bailey, and his colleagues will remain cautious, potentially keeping the pound strong.
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