Traders make more bets that the Bank of England will refrain from further monetary stimulus this year, as the UK economy continues to defy the dire predictions made before June 23 decision to withdraw from the European Union, Bloomberg reports. According to experts, the likelihood of interest rate cuts by the end of the year has fallen below 20% after the publication of manufacturing industries PMI in September, which was the best value for more than two years. In July, the changes of rate cut were estimated at about 50%.

 

 

 

Photo: www.theguardian.com

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