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
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