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)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.