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UK jobs market weakens as unemployment rate rises
The UK jobs market has continued to weaken, making the prospect of an interest rate cut next month even more likely, analysts say. The annual rate of pay growth in the three months between March and May slowed to 5%, according to the Office for National Statistics (ONS).
British pay growth slowed in May and employee numbers dropped further last month, but the cooling in the labour market which ...
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UK interest rates could fall to 2.25 per cent by late 2025, says BoE officialBank of England policymaker Alan Taylor said on Wednesday that a soft landing for Britain’s economy is now at risk and that economic data had recently argued for five interest rate cuts in 2025 rather ...
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Bank of England expected to cut interest rates - MSNThe Bank rate is the primary tool aimed at controlling inflation, and hopes of a cut rose after the inflation rate - which charts the rising cost of living - fell to 2.5% in the year to December ...
UK interest rates have fallen to 4.5% after the Bank of England voted to cut borrowing costs, as it also slashed short-term growth forecasts for the economy.
UK interest rate rise: ... Author’s chart based on data from Bank of England, Office for National Statistics and selected print editions of Moneyfacts. Back in November 2021, ...
The Bank of England is likely to cut interest rates far further and faster than markets currently expect, two giant US banks forecast. Morgan Stanley predicts UK interest rates to fall to ...
Britain looks set to become the first major economy to hike interest rates since the Covid-19 pandemic began after inflation data showed prices rising at the fastest rate in a decade.
Bank of England governor Andrew Bailey will announce its decision on interest rates on 1 February. · REUTERS / Reuters A drop in inflation will push the Bank of England (BoE) to cut interest ...
Investors expect UK interest rates to be 4% by the end of 2025, according to derivatives prices collected by LSEG. That’s more than double the level in the euro zone and higher than in the ...
The UK’s central bank is expected to freeze interest rates at 5.25 per cent on Thursday after steadily increasing rates since 2021 in an effort to bring down inflation.
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