Institution: It is expected that the Bank of England will cut interest rates by another 75 basis points this year

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On May 8, Robert Wood, an economist from Pantheon Macroeconomics, stated that he is lowering the economic growth forecast for the UK in 2025 and 2026, now predicting the country's GDP will grow by . and % respectively in lower than the025the previous 1 1.11% and 1.5%.

Despite the rate inflation to % in March, expected it is expected to significantly rebound in the coming months, potentially reaching 3.4% in the second quarter and only declining to 3.3% by the end of the year.

Most data since the last forecast assessment would typically keep the MPC in an absolutely cautious position. However, President Trump's tariffs have disrupted the global economy and disturbed financial markets. In this context, Pantheon Macroeconomics predicts that the UK will have three three 25-basis-cuts year cuts May including cuts in May and June and the cut. (Jin Shi)

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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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