Today at 12:00 PM
JP Morgan expects UK interest rate to hit 4.25% by Q1 2023
According to the forecast of JP Morgan analysts, the Bank of England will lift the bank rate to 4.25% by the first quarter 2023.
They believe that tighter fiscal policy will follow later. The cycle of monetary policy tightening, on the other hand, will last longer than in previous years.
The economy of the UK is also projected to slow in 2024. According to their estimates, the GDP will fall by 0.6% next year amid tighter monetary and fiscal policy. In addition to this, the pandemic and exit from the EU will weigh on the UK growth. By contrast, the UK recorded GDP growth of 4.3% in 2022.
Recommended
Today at 6:00 PM
World's largest investors are betting on euro rise
Today at 12:05 PM
Today at 12:00 PM
Japanese merchants' business sentiment fell to three-year low
Today at 11:59 AM
More Fed officials highlight risks of Trump's tariff policy to US economy — Yahoo Finance
Today at 11:01 AM
Top news
Today at 11:50 AM
Today at 11:16 AM
Today at 10:21 AM
Today at 10:11 AM