1138 GMT - The Bank of England could cut interest rates by a total of 75 basis points by the end of 2025 as U.K. inflation is likely to fall further, RBC Wealth Management says in its 2025 mid-year outlook. The U.K. labor market data appears to be weakening, raising the prospects of more BOE interest rate cuts, it says. There are risks, however, that sticky inflation and higher wage growth could delay the rate cuts. Markets currently price in a total of 51 basis points of BOE rate cuts by the end of 2025, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 27, 2025 07:38 ET (11:38 GMT)
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