BOE Likely to Cut Rates in May, Lower Inflation Forecast -- Market Talk
Dow Jones
May 01, 2025
1401 GMT - The Bank of England is likely to cut interest rates by 25 basis points at its meeting on May 8, lowering the bank rate to 4.25%, Barclays economist Jack Meaning says in a note. The BOE is also likely to revise down its inflation forecast due to a weakening growth outlook and possible deterioration in labor market data, Meaning says. "We expect the modal inflation forecast to be revised down by 0.6 percentage points at the one-year horizon, to 2.0%," he says. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 10:01 ET (14:01 GMT)
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