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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Institution: Does not rule out the possibility of a significant interest rate cut of 50 basis points by the Bank of England.
Jin10 data reported on May 8 that Steve Matthews, the investment director of Canada Life Asset Management, pointed out that a 50 basis point rate cut will be an important topic at the upcoming meeting of the Bank of England, reflecting the shift in economic background since the decision to hold steady in March. Disruptions in global trade and signs of economic slowdown—particularly the decline in U.S. GDP quarterly data—have brought larger rate cuts into focus. Given that UK CPI inflation has now basically met the target, it is expected that MPC members Dingra and Mann will support a 50 basis point rate cut, opening the door for a possible unexpected large cut. However, Matthews predicts that this camp is likely to be ultimately vetoed by a majority vote, leading to a decision for a 25 basis point rate cut, bringing the benchmark interest rate down to 4.25%.