Hussain Mehdi, the Chief Investment Strategist of HSBC Asset Management, stated that HSBC is not particularly interested in the timing of the Bank of England's first interest rate cut, but rather focuses on the expected limited and gradual interest rate cuts. "For us, the biggest issue is not necessarily the timing of the first interest rate cut, but the speed and magnitude of the interest rate cuts after the first cut." In the era of fragmented global economy, supply-side volatility, and fiscal radicalism, HSBC Asset Management believes that 2% is the lower limit of inflation, not the upper limit. He said: "This means a gradual easing cycle, and interest rates will remain above pre-epidemic levels."