Golden Ten data, August 23rd news, Elliott Jordan-Doak, a senior economist at Gate.io in the UK, said in a report that British consumers seem to have anticipated that the Central Bank of the UK will cut interest rates. The latest GfK consumer confidence index did not change in August after increasing by one point in July. The interviews for this month's data were conducted between August 1st and 15th. The Central Bank of the UK lowered the key interest rate on August 1st. However, the interest rate cut should help boost consumer confidence, 'even if there is some fluctuation in monthly readings.' As the inflation rate is still far lower than the wage growth rate, real income will continue to rise, which will also help enhance confidence.
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Kapital Makro: İngiltere Merkez Bankası'nın faiz indirimi henüz tüketicilerin güvenini artırmadı
Golden Ten data, August 23rd news, Elliott Jordan-Doak, a senior economist at Gate.io in the UK, said in a report that British consumers seem to have anticipated that the Central Bank of the UK will cut interest rates. The latest GfK consumer confidence index did not change in August after increasing by one point in July. The interviews for this month's data were conducted between August 1st and 15th. The Central Bank of the UK lowered the key interest rate on August 1st. However, the interest rate cut should help boost consumer confidence, 'even if there is some fluctuation in monthly readings.' As the inflation rate is still far lower than the wage growth rate, real income will continue to rise, which will also help enhance confidence.