Bank of England Rate Pause: What's Next?

The Bank of England holds steady! After a quarter-point cut in August, the central bank pauses interest rate adjustments amidst stubborn inflation (still at 3.8%!) and economic uncertainty. Major banks like Goldman Sachs and Morgan Stanley now predict no further cuts this year, with potential reductions delayed until early 2026. Is a surprise December cut possible? Maybe, but the overall outlook is cautious, with the market pricing in only a small chance of a cut this year. Gradual and thoughtful moves are expected as the UK navigates a fragile economy. Hosted on Acast. See acast.com/privacy for more information.