Goldman Sachs expects Bank of England to cut rates further and faster

Odaily Odaily Goldman Sachs Research Report points out that the Bank of England is expected to cut interest rates further and faster. Both inflation/wage data and the Bank of England's recent communications indicate that the market generally believes that a 25 basis point rate cut will be made in November. If inflation continues to fall, the barriers to accelerating the pace of rate cuts are low. Our economists still expect the Bank of England to cut interest rates continuously to 3% by September 2025, faster than market pricing. (Jinshi)