Hermes fixed income head: UK could see rates cut next year
Hermes Investment Management's head of fixed income Andrew Jackson has warned the Bank of England (BoE) could cut interest rates next year, with rates having a bigger impact now than ever before.
Jackson said UK rate rises will be slower than predicted, although if the economy is relatively robust, there could be one rate rise this year. However, he added that while there is a "low probability"...
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