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2025-09-16 22:59:26
[Strategist: The Bank of England may not cut interest rates further this year] Ebury strategist Matthew Ryan said in a report that the Bank of England may not cut interest rates further this year, which may provide solid support for the pound. He said that data released on Tuesday showed that the labor market continued to shed jobs at an alarming rate. However, he said that the unreliability of the data and the uncertainty of the upcoming autumn budget indicate that the Bank of England will not jump to conclusions easily. At the same time, inflation continues to accelerate, far above the Bank of England's 2% target. He said this is incompatible with a rate cut. The Bank of England will announce its next interest rate decision on Thursday.
