The Bank of England May Soon End Interest Rate Cuts

According to reports from HashChain, the Bank of England recently indicated that it may soon end its rate-cutting actions. Although it has adopted a 'gradual and cautious' approach in guiding policy, a new statement has been added to its outlook, suggesting that the rate cuts may come to a close. The Bank of England has repeatedly emphasized that the interest rate path is not pre-set and has stated that as rates decrease, the constraints of monetary policy are loosening. The five rate cut decisions made since August have been described as 'very balanced,' even though the central bank believes that rates are still on a downward trend. Four decision-makers chose to keep rates unchanged due to concerns about high inflation, while economic growth faces damage. For the first time, the Monetary Policy Committee conducted two interest rate votes, with Governor Bailey and some colleagues supporting a reduction from 4.25% to 4%, while Deputy Governor and Chief Economist Pill and others supported keeping it unchanged.