Traders bet on interest rate being cut to 4% by end of this year

Traders bet on interest rate being cut to 4% by end of this year

Traders bet on interest rate cut this year: Bank expected to shore up economy amid fresh signs inflation is being brought under control Money markets are betting interest rates will start to fall this year as inflation fears are overtaken by the need to shore up Britain's ailing economy. Traders are now pricing in the Bank of England's benchmark rate hitting a peak of 4.5 per cent over the summer before drifting towards 4 per cent by the end of …