BlackRock: UK economic outlook weak, future rate cuts may exceed the Fed

On September 19, Jinshi data, Paul, the chief investment strategist of the BlackRock Investment Institute in the UK, said in a report that due to the weak prospects for the rise of the UK economy, the future interest rate cuts by the Central Bank of the UK may exceed those of the Federal Reserve in the coming years. Structural challenges such as low productivity have brought pressure to the UK. He said: the future rise prospects of the UK are not optimistic. Compared with government bonds in other developed markets, we have a long-term strategic preference for UK government bonds.

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