Express News | Former deputy governor of the Central Bank of Ireland: European Central Bank may cut interest rates in September.
It is still uncertain whether the United Kingdom's central bank will cut interest rates for the first time in August.
It is still uncertain whether the Bank of England will announce its first interest rate cut since 2020 next week, due to the regulations before the July 4th election. Major decision-makers have not spoken publicly for more than two months, making uncertainty greater than usual. Whether recent higher-than-expected service inflation is enough to prevent the central bank from lowering interest rates from the 16-year high of 5.25% is anyone's guess. Interest rate futures indicate a 50% chance of a 25 basis point rate cut on August 1. Although a Reuters survey shows that most economists still expect a rate cut, the Bank of England may wait until the next meeting on September 19 to make a decision.
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Express News | European Central Bank: Consumer inflation expectations remained stable in June, and there was no slowdown for the first time since the beginning of the year.
BOE Could Cut Interest Rates in August But Vote Would Be Tight
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