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Institution: The Bank of England may lower interest rates to 3.75% by the end of the year.
[Institution: The Bank of England may lower interest rates to 3.75% by the end of the year] Economists at Investec Economics stated in a report that due to signs of weakness in the UK labor market, the Bank of England may lower interest rates two more times by the end of 2025, bringing the bank rate down to 3.75%. The latest UK labor market data shows that the unemployment rate rose to 4.7% in the three months to May. The institution's economists stated: "We still believe that the bank rate will be 3.75% by the end of the year, and the rate will be 3.00% by the end of 2026."