分析师：英国央行降息的空间远小于市场目前的预期

Core Viewpoint - The space for interest rate cuts by the Bank of England is much smaller than current market expectations, primarily due to significant capacity constraints in the UK economy [1] Group 1: Economic Conditions - The UK continues to face considerable capacity limitations, impacting overall economic performance [1] - Disappointing productivity and unstable wage growth are contributing factors to the economic challenges [1] Group 2: Inflation Outlook - Inflation is expected to rise again later this year, influenced by the aforementioned economic conditions [1] Group 3: Interest Rate Projections - The Bank of England is projected to lower interest rates to around 4% during the current rate-cutting cycle [1]