Strong inflation and wage growth data this week suggests the Bank of England will cut interest rates more steadily than previously expected this year, UBS economists Anna Titareva and Reinhard Cluse say in a note.
Is inflation going to get worse or better? It will certainly go higher before subsiding again. The Bank of England suggests it will hit 3.7 per cent in the autumn, and there will soon be more ...
Deutsche Bank now forecasts inflation could soar to 4.25% by summer, making further rate cuts a dangerous move. Chief UK economist Sanjay Raja warned that interest rate reductions might have to be “more backloaded than frontloaded” – meaning the BoE could be forced to hold off on cuts for longer than expected.
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