Traders cut Bank of England's bet on interest rate cuts, tending to cut rates only once during the year
Online report, financial website Forexlive analysts: After the UK CPI was announced, current market pricing shows that the interest rate cut for the rest of 2025 will be 34 basis points, while the UK CPI was expected to be 41 basis points before the announcement. Markets are fully priced to cut interest rates in November, which is still a bit high in my opinion, and I expect the Bank of England and other major central banks to face tougher repricing in the coming weeks and months. (Jin Shi)
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