The UK Central Bank's Interest Rate decision is imminent, and market bets on interest rate cuts have quickly diminished.

Jinshi data news on December 19th, investors are rapidly reducing their bets on further interest rate cuts by the Central Bank of the United Kingdom. The market currently believes that the possibility of a 25 basis point rate cut by the Central Bank of the United Kingdom in February is about 50%, and traders are reevaluating the space for loose monetary policy in the UK. Previous data showed that wage growth exceeded expectations, causing concerns about persistent inflationary pressures. Forward pricing implies that traders expect the Central Bank of the United Kingdom to cut rates by about 50 basis points by the end of 2025, compared to over 70 basis points earlier this week. Citigroup strategists, including Jamie Searle, said that since the Central Bank of the United Kingdom may reiterate its inclination to gradually relax policies until 2025, the market may have reached the limit of the rate cut.