Tian Da Bank: The UK Central Bank is expected to cut interest rates four times next year.

Jinshi data, December 23 news, Tian Da economist Philip Shaw wrote that the Interest Rate setters of the Central Bank of England will have to follow the increasingly dim economic situation. Monday's data showed that the output of the UK stagnated in the third quarter, revising the previous slightly rising estimate for that period. Shaw said that after a strong performance in the first half of this year, the UK economy has clearly lost momentum. In a report to investors, he said, "The good news is that this will make the monetary policy committee more inclined to drop the Interest Rate early next year." Tian Da Bank expects the Central Bank of England to cut interest rates four times next year, bringing the bank's Interest Rate down to 3.75%.