Morgan Stanley: The slowdown in the UK economy may become a reason for a rate cut in November.

Jin10 data on August 14 reported that Morgan Stanley analyst Bruna Skarica said in a report that the UK second quarter GDP data shows a slow rise in momentum, which could lead to the Central Bank of the UK cutting interest rates in November. The second quarter economic growth was 0.3%, better than the 0.1% generally predicted by economists in the survey. Skarica stated that despite this, potential details indicate that economic growth is slowing. She said that private demand growth appears to be very slow. “Interest rates are too high, which is not conducive to sustained and broad growth.” LSEG data shows that the UK money market currently believes there is only a 33% chance of the Central Bank of the UK cutting interest rates in November.