Institution: The Bank of England cuts interest rates, and financial markets may further reflect the cycle shift

2024-08-01 19:55:06
Collection

ChainCatcher news, Premier Miton Group's Chief Investment Officer in London, Neil Birrell, stated that the UK has finally cut interest rates. The Bank of England has shifted from worrying about inflation to worrying about economic growth, although they will certainly be cautious about further rate cuts and cannot allow the bond market to develop overly high expectations too soon. However, this is an important move, and so far, only the United States has not joined the global rate cut trend. We may see financial markets further reflect the shift in the cycle overall, but there may be more within asset classes.

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