Lates News

Goldman Sachs Asset Management strategist Simon Dangoor said in a report that after the Bank of England maintained its benchmark interest rate at 4.25% on Thursday, it may cut interest rates again in August. "Although recent surges in energy prices and high inflation need to be handled with caution, the unstable labor market and moderate wage growth indicate that the anti-inflation process is still ongoing." Goldman Sachs predicts that the Bank of England will continue to cut interest rates starting in November after a possible rate cut in August, eventually lowering the benchmark interest rate to 3.25%.