Expectations for further Bank of England rate cuts this year are fading as July UK inflation exceeded forecasts, prompting markets to price in a prolonged rate hold and pushing gilt yields to multi-decade highs.
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https://en.infomaxai.com/news/articleView.html?idxno=77990
#YonhapInfomax
#BankOfEngland #UKInflation #InterestRates #GiltYields #Sterling
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=77990

Chances of Additional BOE Rate Cuts This Year Diminish as UK Inflation Surprises to Upside
Expectations for further Bank of England rate cuts this year are fading as July UK inflation exceeded forecasts, prompting markets to price in a prolonged rate hold and pushing gilt yields to multi-decade highs.