BlackRock: UK's future rate cuts could exceed Fed's

Paul, chief investment strategist at BlackRock Investment Institute, said in a report that due to the weak economic growth prospects in the UK, the Bank of England may cut interest rates more than the Federal Reserve in the next few years. Structural challenges such as low productivity have put pressure on the UK. He said: The future growth prospects of the UK are not optimistic. Compared with government bonds in other developed markets, we have a long-term strategic preference for British government bonds. (Jinshi)