The Bank of England might cut interest rates this week! Analysts from TD Securities just released a report stating that during the meeting on Thursday, the Bank of England is likely to announce a 25 basis point rate cut. The market now generally believes this is a done deal, with data showing that 96% of investors are betting on a rate cut.

However, analysts also mentioned that even if a rate cut occurs, the Bank of England is unlikely to provide a clear follow-up plan and will continue to adopt a 'slow and careful' approach. In simple terms: they will start with a small cut to test the waters, and then decide whether to continue cutting based on the situation.

This is actually quite understandable; after all, the current state of the UK economy is ambiguous, and the central bank certainly won't take bold actions. So, even if there is indeed a rate cut this week, don’t expect a series of significant cuts afterward, as it will likely maintain this 'small steps' pace.

(If you ask me, this kind of news doesn’t really impact the average person much. Mortgage rates may drop a bit, but expecting to save a lot of money immediately isn't very realistic. Just go about your life and don't take it too seriously~)