Deutsche Bank: The Bank of England is expected to cut interest rates four more times this year, bringing the rate to 3.50%

2 days ago

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According to a report by ChainCatcher, Deutsche Bank Research expects the Bank of England to cut interest rates four more times by 2025, bringing the rate down to 3.50%.

However, the bank's economist Sanjay Raja stated in a report that the Bank of England should keep the interest rate unchanged at 4.50% in its next policy decision on March 20.

Raja said: "In our view, a 'gradual and cautious' approach is not conducive to a series of rate cuts - especially with overall CPI rising."

LSEG data shows that the market expects a 92% probability of the Bank of England keeping the interest rate unchanged in March, and the Bank of England will cut rates two more times by 2025.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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