Gate.io: The Bank of England and the Federal Reserve have different attitudes towards interest rate cuts due to differences in service sector inflation.

On September 19th, Jin10 Data reported that the difference between the information released by the Central Bank of the United Kingdom and the Federal Reserve is noteworthy. According to economist Smith from ING, the Central Bank of the United Kingdom clearly stated that it is not in a hurry to cut interest rates, but it actually supports a quarterly interest rate cut of 25 basis points. This raises a question: why does the easing cycle of the Central Bank of the United Kingdom seem so different from that of the Federal Reserve? This is because the inflation in the UK's service industry is higher than that in the United States and the Eurozone, and the recent stickiness of inflation is mainly due to volatile categories. Smith said that once these factors are removed, the situation will gradually improve.