That comes after the softer-than-expected UK CPI data today, with the firm anticipating the BOE to keep with a 25 bps rate cut per meeting starting from May 2024 until the bank rate reaches 3% in May 2025.
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Goldman Sachs brings forward BOE rate cut to May from June previously
- The shifting sands continue to play out on central banks' rate cut pricing
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PBOC sets USD/ CNY mid-point today at 6.8067 (vs. estimate at 6.7795) PBOC CNY reference rate setting for the trading session ahead.
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