1416 GMT - The chances of a follow-up Bank of England interest-rate cut in June are fading after Thursday's decision, says Aviva Investors' Steve Ryder in a note. The BOE reduced rates but reiterated that further cuts would be gradual. Aviva Investors expects quarterly interest-rate cuts into the summer before more evidence of slowing inflation and activity opens the potential for sequential cuts, the senior portfolio manager says. "Today's statement has reduced the chance of a consecutive cut in June," he says. Aviva continues to see risks of weaker U.K. activity data which would mean U.K. interest rates eventually end up lower than markets currently price, Ryder says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 10:16 ET (14:16 GMT)
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