Sanjay Raja, a senior economist at Deutsche Bank, said in a note that the Bank of England is expected to cut interest rates by 25 basis points in May and three more in August, November and December.
With inflation slowing in the UK and labour market data showing signs of easing, the pace of interest rate cuts is likely to accelerate. Given rising uncertainty on multiple fronts, we believe the MPC will open the door to faster, or even larger, rate cuts in the coming months or quarters.
Institutional forecasts: The Bank of England will cut interest rates in May and will cut them three more times this year
2025-05-02 12:28:36
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