Bank of America: Expects the Central Bank of the UK to cut interest rates three times by 2025

Jinshi data, March 17 news, it is expected that the Central Bank of the United Kingdom will maintain the Intrerest Rate at 4.50% unchanged in the interest rate decision on Thursday. However, in addition, analysts at the American Bank expect the Central Bank to cut interest rates three times in 2025, and then further cut interest rates in 2026, eventually reaching 3.50%. The Bank of America said that the UK inflation rate is expected to rebound to near 3.5% in the third quarter, which increases the risk that the Central Bank of England will reduce interest rates by a smaller rather than a larger margin. The market currently expects the Central Bank of the United Kingdom to cut interest rates twice in 2025, each time by 25 basis points.