BOE Could Cut Rates Again Next Month as Inflation Slows -- Market Talk
Dow Jones
May 08, 2025
1209 GMT - The Bank of England could cut interest rates again next month after lowering its key rate by 25 basis points to 4.25% on Thursday, HSBC Asset Management's Hussain Mehdi says in a note. "With inflation data heading in the right direction, the Monetary Policy Committee now looks more comfortable with rate cuts that we believe are needed to buoy growth and potentially ease pressure on government financing costs." The BOE could cut rates by a total of 125 basis points this year, he says. If service sector inflation and wage growth ease further, rate cuts could be front loaded with another cut as soon as next month. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 08:09 ET (12:09 GMT)
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