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The Independent UK
The Independent UK
National
Howard Mustoe

UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts

Goldman Sachs Interest Rates United Kingdom Bank of England
UK interest rates are set to fall faster than borrowers and lenders have forecast, according to the US investment bank - (Copyright 2022 The Associated Press. All rights reserved)

UK interest rates will almost halve from their present rate of 5 per cent, according to top US investment bank Goldman Sachs.

Borrowing rates, set by the Bank of England, will sink to 2.75 per cent by the end of next year, Goldman predicts, suggesting a faster fall than borrowers and lenders have forecast.

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