Goldman Sachs Predicts Bank of England Rate Cuts in June

Tuesday, 20 February 2024, 07:50

Goldman Sachs now expects the Bank of England to initiate rate cuts in June instead of May as previously anticipated. The probability of a rate cut in May stands at approximately 18%, while the likelihood of a June rate cut is around 58%. This adjustment aligns with the current expectations in the market, influenced by recent data releases and the BOE meeting earlier this month.

Goldman Sachs Predicts Bank of England Rate Cuts in June

The odds of a May rate cut are just sitting at a measly ~18% now. Meanwhile, traders are pricing in ~58% odds of a June rate cut following the BOE meeting earlier this month and all of the recent UK data deluge. So, Goldman Sach's call is merely conforming to the latest expectations.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Goldman Sachs Predicts Bank of England Rate Cuts in June

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