後退 for Sunak as hopes of 利益/興味 率 削減(する)s fade

Rishi Sunak’s hopes that cheaper mortgages will 上げる his 選挙 chances 苦しむd a major 後退 yesterday まっただ中に 調印するs 利益/興味 率s will stay high for far longer than 推定する/予想するd.

The Bank of England is now 推定する/予想するd to lower 率s from the 現在の 16-year high of 5.25 per cent, to 4.75?per cent by Christmas, with the first move not coming until August or September.

At the start of 2024 財政上の markets were 示すing there would be six 率 削減(する)s, starting in May.?

That would have taken 率s 負かす/撃墜する to 3.75 per cent. The 劇の change in 見通し comes as 全世界の central banks 戦う/戦い to tame インフレーション having seen it spiral out of 支配(する)/統制する in the wake of the pandemic and war in ウクライナ共和国.

The European Central Bank yesterday held 率s at 4?per cent in the eurozone, though it 始める,決める the scene for a 削減(する) as soon as June.?

Rates gloom: Prime Minister Rishi Sunak (pictured) and Jeremy Hunt were hoping that lower inflation would lead to interest rate cuts in the UK this year

率s gloom: 総理大臣 Rishi Sunak (pictured) and Jeremy 追跡(する) were hoping that lower インフレーション would lead to 利益/興味 率 削減(する)s in the UK this year

But in a stark 警告 to borrowers yesterday, Bank of England 公式の/役人 Megan Greene said the first UK 削減(する) ‘should still be a way off’.?

And the 長,率いる of the International 通貨の 基金 said central banks ‘must resist calls for 早期に 利益/興味 率 削減(する)s’ or 危険 インフレーション roaring 支援する.

The 見通し for 利益/興味 率s was 反映するd on the 社債 markets where the 産する/生じる on ten-year UK gilts ? a 重要な 手段 of borrowing costs ? rose above 4.2?per cent for the first time this year.

In the US, the 同等(の) 産する/生じる 攻撃する,衝突する 4.59 per cent, with the 連邦の Reserve now not 推定する/予想するd to 削減(する) 率s before September.

Rishi Sunak and Jeremy 追跡(する) were hoping that lower インフレーション would lead to 利益/興味 率 削減(する)s in the UK this year.

と一緒に 税金 削減(する)s, Tory strategists believed this would 上げる the economy and their chances in the 総選挙.

Laith Khalaf, 長,率いる of 投資 分析 at AJ Bell, said: ‘Markets are now pricing in just two 率 削減(する)s this year as the reality has 夜明けd that central banks are going to err on the 味方する of 警告を与える when it comes to (人命などを)奪う,主張するing victory over インフレーション.

‘Whether we get one, two or three 削減(する)s, 消費者s and 商売/仕事s should not 推定する/予想する a return to the 時代 of ultra cheap money.’ Although インフレーション is 落ちるing in the UK, and is now 3.4?per cent having 攻撃する,衝突する 11.1 per cent, it is rising in the US, casting 疑問 over 率 削減(する)s around the world.

‘In my 見解(をとる), 率 削減(する)s in the UK should still be a way off,’ wrote Megan Greene in the 財政上の Times.

国際通貨基金 managing director Kristalina Georgieva 追加するd: ‘Where necessary, policymakers must resist calls for 早期に 利益/興味 率 削減(する)s. Premature 緩和 could see new インフレーション surprises that may necessitate a その上の 一区切り/(ボクシングなどの)試合 of 通貨の 強化するing.

‘On the other 味方する, 延期するing too long could 注ぐ 冷淡な water on 経済的な activity.’