Aberdeen: All ingredients for further interest rate cuts by the BoE are there

Aberdeen: All ingredients for further interest rate cuts by the BoE are there

16 december 2025

Rente Monetair beleid Verenigd Koninkrijk

Luke Bartholomew, Deputy Chief Economist at Aberdeen, comments on today's UK unemployment figures and Thursday's BoE meeting:

'Despite wage growth coming in a bit stronger than expected, it is hard to see this data derailing a Bank of England cut on Thursday. Jobs growth remains weak, and unemployment rose again. Certainly, the Bank will want to see this loosening in labour market conditions continuing to feed into softer pay growth eventually. But with GDP growth recently coming in soft, and inflation tomorrow data likely to confirm that inflation is well past its peak, the pieces are in place for several further rate cuts.'

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