Goldman Sachs Forecasts Delay in Bank of England Rate Cuts and Larger Reductions

Tuesday, 20 February 2024, 13:24

Goldman Sachs projects a modification in the timing of Bank of England rate cuts, with potentially larger reductions on the horizon. The bank envisions five sequential 25 basis point interest rate reductions in the year, with the initial cut anticipated in June instead of May. This prediction has significant implications for both the central bank's monetary policy strategy and the broader economic landscape.
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Goldman Sachs Forecasts Delay in Bank of England Rate Cuts and Larger Reductions

Goldman Sachs Forecast on Bank of England Rate Cuts

The renowned Wall Street bank, Goldman Sachs, has revised its projection for interest rate cuts by the Bank of England. The updated forecast suggests that the central bank might implement a new approach to monetary policy in the upcoming months, with potential changes to the timing and magnitude of rate reductions.

Shift in Previous Estimates

The previously suggested timeline for rate cuts has been disrupted by the latest analysis released by Goldman Sachs. The bank now anticipates a postponement in the implementation of rate cuts, highlighting a potential delay until June for the commencement of this monetary policy adjustment.

  • Indication of Larger Reductions
  • Revision in Timetable from May to June

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.


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