Goldman Sachs no longer expects any more Bank of England cuts in 2025

  • Bank of England
BOE Bailey 07-08
  • Goldman Sachs no longer expects BoE to deliver interest rate cuts in 2025 vs prior forecast of a cut in November
  • Goldman Sachs expects BoE to deliver the next interest rate cut in February, followed by quarterly cuts to a terminal Bank rate of 3% by the end of 2026

GBP up a few tics on this.

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