Major event announced: interest rate cut! Interest rate cut! The first interest rate cut in more than 4 years!

The Bank of England, the central bank of the United Kingdom, announced a 25 basis point interest rate cut, lowering the base rate from 5.25% to 5%. This is the first interest rate cut by the Bank of England since March 2020, in line with market expectations.

Julius Bendikas, head of European economics and dynamic asset allocation at Mercer Consulting, said, "The decision to cut interest rates by 25 basis points was unexpected, especially given the problem of faster wage growth. That being said, we expect 1 to 2 more rate cuts in 2024 and more in 2025. The UK economy has normalized and interest rates should also normalize.

In addition, ECB board member Stournaras said that he still expects two rate cuts in 2024. The decision in September will depend on the data, and the risk of inflation falling below 2% in the medium term is increasing.

The most important thing is!

PANews reported on August 1 that according to @0xAA_Science citing Macromicro data, the probability of the Federal Reserve cutting interest rates in September is close to 100%.

Brothers, is spring coming soon?

How many years have we been waiting? You say,,, #美联储何时降息？