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2025-09-17 15:28:51
[UK 10-Year Gilt Yield Falls Slightly to 4.63%, Awaiting Bank of England Decision] ⑴ The UK 10-year gilt yield fell slightly to 4.63%, with investors remaining cautious ahead of the Bank of England's interest rate meeting. ⑵ The market expects the Bank of England to maintain interest rates at 4% on Thursday while slowing its £100 billion annual bond reduction. ⑶ The UK's CPI rose by 3.8% year-on-year in August, nearly double the Bank of England's target and matching the 18-month high reached in July. ⑷ Labor force data met expectations: wage growth excluding bonuses was 4.8% (4.7% including bonuses), the unemployment rate remained stable at 4.7%, and the number of salaried employees fell by 8,000. ⑸ After the data was released, market expectations for a Bank of England rate cut remained largely unchanged, with the probability of easing before the end of the year limited. ⑹ The market generally expects the Federal Reserve to cut interest rates by 25 basis points on Wednesday, with traders anticipating at least two more rate cuts by the end of 2025.
