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00:00 When will the Bank of England start lowering interest rates?
00:05 This is a question that has been asked over time, since the first process of fixing interest rates in September.
00:13 In the beginning, the markets preferred to lower rates between March and May, then the rates went up to June.
00:20 Today, it is August.
00:23 This difference in expectations is due to the series of data released in the past months,
00:30 especially the inflation rates, which in November went down to its lowest level in two years at 19.3%.
00:39 But it did not take long for it to rise again above 4%.
00:45 The majority believe that the Monetary Policy Committee in the Bank of England has done its part to control inflation.
00:52 It has succeeded in this to a large extent, but it has been ignoring the warning signs for several months
00:59 about the risks of entering the country in the event of a recession.
01:03 The growth of interest rates has declined less than expected in December,
01:08 which has increased expectations that the Bank of England may start lowering interest rates
01:13 at a later time than was expected in the past.
01:16 The Bank of England's Monetary Policy Committee believes that increases in interest rates must be moderate
01:22 before lowering interest rates, otherwise it may pose a risk of inflation at a later time in the year.
01:31 Riyad Al Saadi, CNBC, Arabia, London
01:35 [BLANK_AUDIO]