I posted the headline on this yesterday:
Goldman Sachs forecasts Bank of England to hold rates at Dec meeting (vs. prior 25bp cut)
But the Bank of Japan kept me tiede up and I did;t get a chance to add in a bit more. Here we go:
GS expect a 25bp rate cut from Bank of England next week, November 7then a hold in December (the BoE meeting is December 19)then a cut to follow at the first meeting for 2025, February 6the Bank of England Bank Rate projected to fall to 3% by the ned of next year
Not everyone is on board with a November BoE cut:
BMO now thinks Bank of England likely to hold rates unchanged next week
This article was written by Eamonn Sheridan at www.forexlive.com.
