1218 GMT - Markets lower expectations of interest-rate cuts from the Bank of England in the coming months after the central bank cut rates on Thursday but reiterated that future reductions would be gradual. Money markets show investors currently price in a 19% chance of a BOE rate cut in June, down from a 52% chance priced in beforehand, according to LSEG data. For the whole of 2025, investors now price in just two further rate reductions, having recently priced in three more cuts after this month, the data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 08:18 ET (12:18 GMT)
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