Canadian Imperial Commercial Bank looks ahead to the UK Central Bank Intrerest Rate decision

Jinshi data news on September 19th, the Imperial Bank of Canada expects the Central Bank of the United Kingdom to maintain the Intrerest Rate. “We would not be surprised if Ding Ge La and Ramsden support a rate cut.” The expected reduction target for the Asset Purchase Facility (APF) is 100 billion pounds. "We expect the Central Bank of the United Kingdom to cut rates again in November. We expect that policy inertia will appear at the policy meeting in December in the absence of substantial adjustments in price pressure or economic activity levels. However, it is expected that the downward trend of CPI until 2025 will be more persistent, and the factors that have mitigated concerns about sustained inflation will not only support further rate cuts in February, but also support the potential prospect of consecutive rate cuts in the first half of the year.