UK Households Expect Rate Cuts for First Time Since 2008.

BANK of England; FINANCIAL crises; CONSUMPTION (Economics); PUBLIC support; PRICES; GROSS domestic product

According to a survey conducted by the Bank of England, British households are expecting interest rates to decrease for the first time in 16 years. The survey also found that public confidence in the Bank of England's ability to control inflation has improved. The survey was conducted shortly after the Bank of England cut rates for the first time since the pandemic began. The responses to the survey indicate a recovery in consumer confidence and suggest that rate cuts could stimulate economic growth. [Extracted from the article]

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