July 4th, Pan Sheng Macro Chief UK Economist Wu De said in a report that the inflation expectations of British companies are declining, which increases the possibility of the Bank of England quickly cutting interest rates. The latest data from the Bank of England’s decision-making group shows that companies’ inflation expectations for the next year in June fell from 2.9% in May to 2.8%. “The June meeting of the decision-making group will give the Bank of England’s Monetary Policy Committee confidence to cut interest rates quickly, as the survey shows that high interest rates continue to suppress wage and price inflation.” Wu De said that the Bank of England may cut interest rates in September, but it is also possible to cut interest rates in August.
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