1021 GMT - The Bank of England could disregard higher inflation in the near term and accelerate the pace of interest-rate cuts due to a weaker U.K. labor market and economic uncertainty caused by U.S. tariffs, Citi's Jamie Searle says in a note. Citi expects gilt yields to fall over the medium term and forecasts the 10-year gilt yields will to decline to 4% in the fourth quarter of 2025, Searle says. The 10-year gilt yield trades flat at 4.615%, Tradeweb data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 06:21 ET (10:21 GMT)
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