📣 Creators, Exciting News!
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1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
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HSBC: UK inflation expected to cool again next year
Jinshi Data News on December 26th, HSBC economist Chris Hall wrote in a report that as time goes on in 2025, UK inflation is expected to cool down again. The annual price increase has accelerated for two consecutive months, pushing the inflation rate above the UK Central Bank’s target of 2%, reaching 2.6%. However, Hall believes that this is largely due to the base effect of the same period last year, and potential inflation shows signs of slowing down. He said, ‘As long as the potential momentum remains relatively moderate, we should see inflation soften in the spring and beyond.’ He added that this should prompt the UK Central Bank to reduce the interest rate from the current 4.75% to 3.00% by early next year.