【Mitsubishi UFJ: The Bank of England may cut interest rates in November, but may not in December】On November 1, Mitsubishi UFJ's Henry Cook stated that the Bank of England is expected to cut rates by 25 basis points to 4.75% on November 7. However, following Wednesday's budget commitment to increase public investment, a subsequent rate cut in December looks less likely. Some members of the Bank of England's Monetary Policy Committee may be concerned that additional government spending could drive up inflation. Data shows that the market expects the Bank of England to have cut rates by a total of 30 basis points by the end of December.