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Kapital Macro: UK Economic Rebound May Be Stronger Than Expected
The July 29th data from Jinshi News, Kai Investment macro analyst Ashley Webb said that after a significant rise in mortgage loans in June, the rebound of the UK economy may be stronger than expected. Data released by the Central Bank of England on Monday showed a slight decrease in the number of consumer credit and over-collateralization loan approvals for the month, but both consumer loans and mortgage loans rose slightly. This further indicates that the pressure of high interest rates is beginning to ease. This may lead the Bank of England to maintain the interest rate unchanged this week, instead of cutting it, but the result is still difficult to predict.