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2025-12-19 00:59:48
[Aberdeen Capital: Many Policymakers Still Don't Believe the UK Economy Has Fully Overcome Inflation] Aberdeen Capital's Luke Bartholomew noted in a report that recent data from the UK showed slowing inflation, a weak labor market, and disappointing GDP growth, meaning a Bank of England rate cut was widely expected. However, the very close 5-4 vote indicates that many policymakers still don't believe the UK economy has fully overcome inflation. The deputy chief economist stated, "Given that the economic weakness is expected to continue into next year, and the recent budget has already introduced several measures aimed at curbing overall inflation, we believe there will be more rate cuts in the future." Aberdeen expects the Bank of England's interest rate to fall from the current 3.75% to around 3% by the end of next year.
