Reuters are reporting that the Bank of England may start cutting interest rates in the second quarter of this year. Following a 41 year high and 14 interest rate increases there are indications that the soaring inflation is being tamed.
Looking at Consumer Confidence index reported on Trading Economics it is clear that Britons are less pessimistic about their future financial situation. Increases in wages and a settling of the interest rates means we saw another month of improvement in the consumer confidence index.
Looking back to April we have seen the index at 30, then mid 20’2 and low 20’s three times – will January see another leap forward?