Deutsche Bank: Bank of England Expected to Cut Rates Only Once More This Year
According to a report by Jinse Finance, Sanjay Raja, an analyst at Deutsche Bank, stated that the Bank of England's latest policy decision may prompt a reassessment of the future policy trajectory. He noted that the trade-off between rising inflation and a weakening labor market has heightened uncertainty regarding the policy path. The 4-4-1 voting result has intensified divisions within the Monetary Policy Committee, creating the impression that the bank rate is now less restrictive than before. Deutsche Bank currently expects the Bank of England to cut rates only once more this year, in November, compared to the previous forecast of two cuts, though this could be delayed until December. It is anticipated that subsequent rate cuts will occur quarterly, with the final rate reaching 3.25% by the second quarter of 2026.
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