LONDON (Reuters) – Investors further cut their bets on how quickly the Bank of England will cut interest rates next year after the Federal Reserve indicated it would move slowly while lowering borrowing costs.
Interest rate futures on Thursday pointed to roughly 46 basis points of cuts in the Bank of England's benchmark interest rate by December 2025, down from about 50 basis points of cuts priced into the market on Wednesday.
The Bank of England is expected to keep borrowing costs unchanged at 1200 GMT on Thursday after its December monetary policy meeting. He said he would move gradually to lower interest rates due to inflationary pressures in the economy, despite signs of a slowdown.
