Headline: IMF upgrades UK growth forecast...
Reality: its been upgraded from 1.5% to.... 1.6%.
However, its based on the idea that the BoE will make four(!) interest rate cuts this year, bringing interest rates down 3.75% by the end of 2025.
Well, to be frank, as you will know I think its pretty unlikely Bailiey & his sado-monetarists will do such a thing, so I think the IMF's forecast can be treated with a pinch of salt.
#IMF #economics #InterestRates
Reality: its been upgraded from 1.5% to.... 1.6%.
However, its based on the idea that the BoE will make four(!) interest rate cuts this year, bringing interest rates down 3.75% by the end of 2025.
Well, to be frank, as you will know I think its pretty unlikely Bailiey & his sado-monetarists will do such a thing, so I think the IMF's forecast can be treated with a pinch of salt.
#IMF #economics #InterestRates
