Deutsche Bank: Labor Party rule may make the Bank of England more cautious about interest rate cuts

On July 5th, Jin10 Data reported that analyst Tom Rees said that the outlook for Interest Rate in the UK will become more uncertain in the next one or two months, and investors will look for clues to what ambitious plans the Labor Party will adopt for fiscal policy in the autumn budget and spending review. Sanjay Raja, chief economist at Deutsche Bank UK, said that the Labor Party’s relaxation of fiscal policy could lead to the UK Central Bank taking a “more cautious and gradual path of interest rate cuts”.

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