Rates to plunge to 2.75pc next year, says HSBC [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
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Source: Yahoo! Finance
Policymakers are likely to cut interest rates at November's meeting of the Monetary Policy Committee (MPC) and then again at every meeting next year from February, according to analysts from HSBC. It follows a decision by the Bank of England's MPC earlier this week to keep rates on hold at 5pc. The Bank Rate had surged as high as 5.25pc following a series of rises over the past few years to try keep a lid on inflation. Last month, the Bank of England cut interest rates for the first time in four years. The analysts at HSBC said: “Part of the slightly better medium-term growth outlook reflects monetary policy. “With most indicators pointing to a cooling in the labour market, we and BoE have become more confident that the worst of the inflation pressures - and the risk of them becoming entrenched - is behind us. Given this, the current policy rate looks some way above neutral.” They said the latest statement from the Monetary Policy Committee suggested that rate setters were
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- 11/8/24 - Form 6-K
- 11/7/24 - Form 6-K
- 11/7/24 - Form 25-NSE
- HSBC's page on the SEC website