BOE Could Cut Rates By End-2026 Given Weak U.K. Labor Market -- Market Talk

Dow Jones04-24 23:14

1514 GMT - The Bank of England could cut interest rates at the end of 2026 due to the deteriorating U.K. jobs market, analysts at the Investment Institute by UniCredit say in a note. The latest labor market data show the U.K. unemployment rate fell but average wage growth also slowed. The weak labor market is expected to mitigate against rising inflation, enabling the BOE to cut interest rates, the analysts say. Investors price in two BOE rate rises in 2026, and a 16% chance of a third rate hike, LSEG data show. (miriam.mukuru@wsj.com)

 

(END) Dow Jones Newswires

April 24, 2026 11:14 ET (15:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment