Institution: Bank of England may cut interest rates to 3.75% by the end of the year

According to a report by Golden Finance, economists from Investec Economics said that due to signs of weakness in the UK labor market, the Bank of England may cut interest rates twice by the end of 2025, lowering bank rates to 3.75%. The latest UK labor market data shows that the unemployment rate has risen to 4.7% in the three months ending in May. The economist of the institution said, "We still believe that the bank interest rate at the end of the year will be 3.75%, and the interest rate at the end of 2026 will be 3.00%