每日晨读金融时报|英语口语听力|原文及实用单词短语

【每日晨读金融时报】12Nov25 英语口语听力 附原文及实用单词短语

Bond giant Pimco is bet­ting on a fall in UK infla­tion that will, in turn, allow the Bank of Eng­land to cut interest rates fur­ther than traders cur­rently expect, arguing that there is “noth­ing that spe­cial” about the price pres­sures affect­ing the coun­try.

The man­ager of $2tn in assets has an over­weight pos­i­tion rel­at­ive to the bench­mark index in five-year gilts, which stand to bene­fit from more aggress­ive BoE rate cuts.

“We don’t think the UK eco­nomy will prove to be a massive out­lier [on infla­tion],” Andrew Balls, Pimco’s chief invest­ment officer for global fixed income, told the Fin­an­cial Times yes­ter­day.

Bri­tain is on track for the highest rate of infla­tion among the G7 this year, accord­ing to the OECD. The Paris-based organ­isa­tion said this week that con­sumer prices would rise 3.5 per cent in 2025, up from 2.5 per cent last year, and would remain well above the BoE’s 2 per cent tar­get in 2026.