BOE to Cut Rates in May, Then 3 More Times This Year, Says Deutsche Bank -- Market Talk
Dow Jones
May 02, 2025
1132 GMT - The Bank of England is expected to cut interest rates by 25 basis points in May, and conduct three more rate cuts this year in August, November and December, Deutsche Bank senior economist Sanjay Raja says in a note. There is a risk of faster rate cuts as U.K. inflation has decelerated and labor market data is showing signs of loosening, Raja says. "Given elevated uncertainties on multiple fronts, we think the monetary policy committee will open the door for faster or indeed bigger rate cuts in the coming months or quarters." Markets price in 94 basis points of BOE rate cuts by the end of 2025, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 02, 2025 07:32 ET (11:32 GMT)
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