Lates News

Senior economist Sanjay Rajah from Deutsche Bank stated in a report that it is expected the Bank of England will cut interest rates by 25 basis points in May, and then cut interest rates three more times in August, November, and December of this year. With UK inflation slowing and labor market data showing signs of looseness, it is possible that the UK will accelerate the pace of interest rate cuts. Given the increasing uncertainties in various aspects, we believe that the Monetary Policy Committee will open the door for faster and even larger interest rate cuts in the coming months or quarters.