Deloitte comments on today's interest rate decision
Commenting on today’s interest rate decision from the Bank of England, Ian Stewart, chief economist at Deloitte, said:
“An end of year pickup in inflation and in earnings has pushed back the timing of UK rate cuts. But, sluggish growth and a softening in the labour market are likely to restart the easing cycle in the new year, with February being the most likely timing for the next rate cut. By the end of 2025, we expect to see UK interest rates at around the 4.0% mark.”
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