From Proactive Investors: 2024-05-09 07:16:00

FTSE 100 up 24 at 8,378; Interest rate cut likely in June; Inflation to hit 1.5% in 2026. Business organisations express concern about high interest rates impacting small businesses. BoE forecasts inflation to drop to 1.5% in 2026, setting the stage for potential rate cuts. Markets begin pricing in June rate cut with 50% chance, following BoE’s decision to maintain rates at 5.25%. Governor optimistic, saying things are moving in the right direction. BoE maintains rates at 5.25%, FTSE 100 up 30 points. 3i shares drop despite healthy growth, buoyed by success of Dutch retailer. Mortgage arrears and repossessions rise as interest rates remain high. BBVA launches hostile takeover bid for TSB owner Banco Sabadell, aiming to create European banking heavyweight. BAE Systems shares hit record high as UK government plans to increase defence spending to 2.5% of GDP.



Read more at Proactive Investors: Stocks bounce as BoE offers rosy interest rate outlook; June cut grows likely