Slower UK interest rate cuts more likely than rate hikes
While parallels are being made with the energy price shock caused by the Russia-Ukraine war in 2022, the rise in energy prices as a result of the conflict in the Middle East has so far been smaller than that in 2022 and the economic backdrop is very different. So unless energy prices rise further and/or a major fiscal stimulus is announced, slower interest rate cuts are more likely than interest rate hikes.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
