Interest Rates Tipped to be Held as Jobs Market Weakens

Jobs Market Weakens
  • The UK job market shows signs of slowdown, with the unemployment rate at 4.2% in June to August.
  • Businesses are hiring less due to the impact of rising prices and higher interest rates.
  • The Bank of England is set to decide on interest rates in November, with expectations of keeping rates steady.
  • UK economic growth has been sluggish in recent months.
  • There is concern that the economy is weakening, and a potential mild recession could be on the horizon.

Connect with Us

At Walterassociates, we value your inquiries, feedback, and collaboration. Feel free to reach out to us using the options below. We look forward to hearing from you and assisting you in any way we can.