We expect 3 rate cuts in the UK this year: Lloyds Banking Group CEO
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Charlie Nunn, CEO of Lloyds Banking Group, anticipates three interest rate cuts in the UK this year, as discussed at the World Economic Forum in Davos.
January 21, 2025 | 10:15 am
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Lloyds Banking Group CEO Charlie Nunn expects three interest rate cuts in the UK this year, which could impact the bank's lending and borrowing activities.
Interest rate cuts can lead to increased borrowing and lending activities, potentially boosting Lloyds' financial performance. The CEO's statement at a major forum adds credibility to this expectation.
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