Institutions: The UK economy is hot and may delay the Central Bank's interest rate cut

Danni Hewson, head of financial analysis at AJ Bell, said that the UK’s economic rise rate of 0.6% in the first quarter will boost economic confidence, but this may give policymakers in the UK Central Bank a reason to temporarily pause interest rate cuts. She said that the decline in the Inflation rate and the rise in wages pump made households’ savings long a little, and they also increased their spending. Central Bank Governor Bailey painted a picture of the coming economic recovery, and interest rate cuts will further boost the recovery. But the resilience shown by longing sectors can be seen as a reason for monetary policy committee members to wait a little longer. She added that services and manufacturing helped offset the challenges facing the construction sector, including wet weather and interest rate hikes by the Central Bank.