英镑:里夫斯在英国经济前景疲弱的情况下提交紧缩预算 – 大华银行
英国的新预算在财政克制和冻结税收门槛方面倾斜较重,伴随着较弱的增长预测和缓慢回归目标通胀的进程。大华银行集团的外汇分析师Quek Lee Sue Ann指出,紧缩的背景支持了对英国央行(BOE)在12月开始谨慎降息周期的预期。

英国的新预算在财政克制和冻结税收门槛方面倾斜较重,伴随着较弱的增长预测和缓慢回归目标通胀的进程。大华银行集团的外汇分析师Quek Lee Sue Ann指出,紧缩的背景支持了对英国央行(BOE)在12月开始谨慎降息周期的预期。

BOE预计在12月18日降息25个基点

"英国财政大臣瑞秋·里夫斯(Rachel Reeves)提出了一项专注于财政纪律的预算,面对疲弱的增长和高通胀,优先考虑隐性税收措施和结构性改革,同时取消了计划中的所得税率上调。"

"尽管受到OBR泄漏的影响,关键预测显示,英国在2025年的增长为1.5%,然后在2030年之前为1.4-1.5%(较3月下调),通胀预计到2027年降至2%,借款从2025-26年的1383亿英镑降至2030-31年的672亿英镑,预计从2029年开始出现盈余——使英国成为G7财政整顿的领导者。"

"通过冻结税收门槛和财富税的中期财政紧缩可能会抑制需求,支持去通胀,并为BOE开始谨慎的降息周期提供空间——预计在今年最后一次会议上于12月18日降息25个基点,随后在2026年逐步降息。"

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