The May Decision Maker Panel survey of UK CFOs indicates stalling sales volumes and continued labor market weakness. Berenberg forecasts that these conditions will lead the Bank of England to forgo further rate hikes and potentially cut rates by year-end.
Key Takeaways
- 1.The BoE should not raise interest rates as market investors expect, and may instead resume rate cuts by year-end.
- 2.UK CFOs report slowing sales volume expectations and a continued trend of planned headcount reductions.
Table of Contents
- Berenberg Macro View
- Disclaimer
- Remarks regarding foreign investors
- United Kingdom
- United States of America
- Copyright
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Authors
Andrew Wishart
Themes
Economic Recession RiskMonetary Policy Outlook
Regions
UKUnited Kingdom