Strategist: Bank of England may cut interest rates again before the end of the year after deciding to do so on Thursday

According to a report by Golden Finance, Jeremy Batstone Carr, a strategist at Raymond James Investment Services, said that after making the interest rate decision on Thursday, the Bank of England may cut interest rates again before the end of the year. LSEG's data shows that the market believes there is a 96% chance of a rate cut this week. It is expected that the UK will increase taxes in the autumn budget, which may limit the spending power of households and businesses. The Bank of England may wish to choose a monetary policy to alleviate the pressure faced by households and businesses, although this will not happen until later this year.