2024-04-03 12:00:00 ET
Summary
- We think a June rate cut is growing more likely but is far from guaranteed.
- Much hinges on April’s services inflation data which we think could come in above Bank of England forecasts and tempt the committee to wait a little longer before cutting rates.
- Whatever happens, we expect at least four rate cuts this year.
By James Smith
The first rate cut isn't far off
Financial markets are warming to the idea of a June rate cut from the Bank of England, and it’s easy to see why....
Read the full article on Seeking Alpha
For further details see:
The Bank Of England's Road To Rate Cuts