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Report: Bank of England Expected to Lower Interest Rates to 3.75% by Year-End
2025-07-24 /
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Author：小编
The Bank of England might implement another interest rate cut before the year concludes, primarily due to the weakened state of the labor market. According to economists at Investec Economics, the central bank is anticipated to reduce interest rates twice more by the end of 2025, bringing the bank rate down to 3.75%. Recent data reveals that the UK's unemployment rate has climbed to 4.7% over the three months leading up to May, signifying a decline in the labor market's strength. Economists attribute the anticipated rate cuts by the Bank of England mainly to these indicators of weakness in the labor market.
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