From Investing.com: 2024-11-08 04:18:00

The UK government budget projects big tax rises and even bigger spending increases for 2025-26, impacting Bank of England expectations. Rates expected to stay above 4%, leading to fewer rate cuts than the ECB or Federal Reserve. Despite assumptions, services inflation is below central bank projections, potentially prompting faster rate cuts in the spring. The Federal Reserve may not cut rates as much as previously anticipated due to Trump’s policies generating inflation pressures. The ECB is considering larger rate cuts due to growth concerns, with a potential 50bp cut in December to address downside risks from the US elections.



Read more at Investing.com: BoE’s Rate Cuts Likely to Outpace ECB Despite UK Budget Overhaul