Bank of England policymaker Mann warns: Unemployment concerns keep savings rates high

Bitget App

Trade smarter

Bitget

News

Cointime2025/07/15 21:10

By:Cointime

Catherine Mann, a member of the Monetary Policy Committee (MPC) of the Bank of England, warned that concerns about unemployment and rising bills are prompting UK households to establish "emergency funds," with economic growth constrained by a savings rate that remains higher than pre-pandemic levels. Mann said on Tuesday that growth in certain industries such as hotels and retail is "significantly slowing" due to "cautious consumption behavior." In an interview, she said, "They are accumulating emergency funds, postponing holidays, and deferring large purchases while assessing their financial stability." She added, "People's savings rates are higher than before, partly because they are worried about possible unemployment or rising living costs."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14