JP Morgan cuts UK GDP progress forecast to zero.6% vs 1.1% beforehand

Their earlier forecast was for the BOE to decide on a financial institution charge of three.75% this yr i.e. 75 bps extra of charge cuts. In the meantime, Morgan Stanley has additionally come out to say that they’re anticipating the BOE to chop charges at every assembly all via the yr now – taking the financial institution charge to three.25% by year-end, as in comparison with their earlier forecast of three.50%.

This text was written by Justin Low at www.ubaidahsan.com.



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