1543 GMT - The Bank of England could adjust its rate-cutting path in response to the jump in energy prices prompted by the conflict in the Middle East, Goldman Sachs economists say in a note. "While a rate cut on March 19 remains possible if the energy shock unwinds very quickly we now believe that [policymakers are] more likely to wait for more information on how the conflict evolves," they say. Goldman pencils in a next cut in April, followed by further reductions in July and November. It previously anticipated cuts in March, June and September. If price rises persist, there could be no cuts this year, with rates normalizing only in 2027. However, the terminal rate should still be 3%, the economists say. (edward.frankl@wsj.com)

(END) Dow Jones Newswires

March 04, 2026 10:43 ET (15:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.