英国10年期国债收益率跌至2.5%以下，此前英国央行今年第二次降息25个基点，正如预期的那样，同时发出了进一步降息的谨慎信号。政策制定者强调了限制性立场的重要性，并赞成逐步放松。英国央行预测，到年底，通胀率将从1.7%上升到2.5%，并估计最近的预算措施在峰值影响下可能会使GDP增长0.75%，通胀率暂时上升0.5个百分点。交易员预计，英国央行明年将再降息25个基点，再次降息的可能性不到50%。与此同时，美联储将目标区间下调了25个基点，美联储主席鲍威尔指出，选举结果不会影响短期政策决策。

The UK 10-year gilt yield dropped below 2.5% after the Bank of England cut interest rates by 25 bps for the second time this year, as expected, while signaling caution on further cuts. Policymakers highlighted the importance of a restrictive stance and favored gradual easing. The BoE projected inflation to rise from 1.7% to 2.5% by year-end and estimated that recent budget measures could boost GDP by 0.75% at peak impact, with a temporary 0.5 percentage point inflation increase. Traders anticipate two more quarter-point cuts by the BoE next year, with under a 50% chance of an additional one. Meanwhile, the Fed cut its target range by 25bps, and Fed Chair Powell noted that the election outcome would not impact near-term policy decisions.