Economists at investment bank say markets are underestimating likely extent of action by Bank of EnglandBusiness live – latest updatesInterest rates are on course to fall to 2.75% by next autumn after the Bank of England reduces the cost of borrowing at each of its nine next meetings, a leading investment bank has predicted.Economists at Goldman Sachs said that according to their assessment of the long-term level of interest rates consistent with achieving the government’s 2% inflation target, markets were underestimating the likely extent of the action by Threadneedle Street’s nine-strong monetary policy committee (MPC). Continue reading…
Source link : https://www.theguardian.com/business/2024/oct/21/uk-interest-rates-fall-next-autumn-goldman-sachs-predicts
Author : Larry Elliott Economics editor
Publish date : 2024-10-21 15:06:34
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UK interest rates to fall to 2.75% by next autumn, Goldman Sachs predicts
