Deutsche Bank: The Bank of England does not need to accelerate the pace of interest rate cuts

ChainCatcher news, Deutsche Bank economist Sanjay Raja stated that despite the loosening of the UK labor market, the Bank of England still needs to be cautious about easing policies. Data released on Thursday showed a decline in job vacancies, an increase in the unemployment rate, and a slowdown in wage growth.

Raja believes that the unemployment rate will continue to rise slowly, which means the Bank of England can continue to cut interest rates, but it should do so in a gradual and cautious manner. "We believe that the current conditions do not warrant a faster pace of rate cuts."