Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Deutsche Bank reacts to BoE’s cautious rate cut to 4.75%

admin by admin
December 19, 2024
in Economy
0
Deutsche Bank reacts to BoE’s cautious rate cut to 4.75%
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The Bank of England (BoE) announced a reduction in the Bank Rate to 4.75%, marking the second cut in its current easing cycle. This move comes as a cautious approach to the rate path, especially considering the recent fiscal stimulus.

According to the Monetary Policy Committee (MPC), the Autumn Budget’s policy measures are expected to enhance GDP by 0.75% within a year and contribute an additional 0.5% to the Consumer Price Index (CPI) at its peak.

The MPC has revised its short-term growth and CPI forecasts upward, signaling that there is no longer any spare capacity in the UK economy for the coming year.

Furthermore, the MPC has indicated a preference for gradual easing if economic developments align with their expectations, setting a higher threshold for any further rate cuts in December.

However, the MPC did leave a narrow possibility open for a rate reduction in December, contingent on significant negative developments in domestic prices and wages that would imply a quicker return of inflation to the target rate.

The upcoming reports on growth, inflation, and the labor market will be crucial in assessing the validity of the BoE’s forecasts and could influence the MPC’s decision-making process in the lead-up to the next meeting in December.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com

Previous Post

Bank of England splits on rates outlook as it keeps borrowing costs on hold

Next Post

Factbox-European companies cut jobs as economy sputters

admin

admin

Next Post
Factbox-European companies cut jobs as economy sputters

Factbox-European companies cut jobs as economy sputters

Trending News

Morgan Stanley upgrades Brinker International on Chili turnaround, improving sales

Morgan Stanley upgrades Brinker International on Chili turnaround, improving sales

December 20, 2024
Brazil consumer prices seen higher in Sept as drought bites: Reuters poll

Brazil consumer prices seen higher in Sept as drought bites: Reuters poll

October 8, 2024
Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.71%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 1.71%

October 2, 2024
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.