Goldman Sachs expects the Bank of England to further and faster interest rate cuts

DailyNews

2024-10-20 05:32:38

Goldman Sachs research report predicts that the UK’s Central Bank, the Bank of England, is expected to cut interest rates faster. Inflation/wage data and recent communications from the Bank of England indicate that the market generally expects a 25 basis point rate cut in November, and the obstacles to accelerating the pace of rate cuts are low if inflation continues to decline. Our economists still expect the Bank of England to continue cutting interest rates to 3% by September 2025, faster than market pricing. (Jinshi)

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