Goldman Sachs now expects BoE to hold interest rates at the June meeting (Thursday, 19 June) vs prior forecast of a 25 bp cut.
- Expects BoE to cut rates at every meeting from August 2025 and reach 2.75% terminal rate in March 2026
The Bank cut yesterday:
- BOE cuts bank rate by 25 bps to 4.25%, as expected
- BOE governor Bailey: Interest rates are not on auto-pilot
- BOE governor Bailey: Don’t know what to expect from UK-US trade deal for now
This article was written by Eamonn Sheridan at www.forexlive.com.
