Goldman Sachs anticipates the Bank of England will implement a 25bp cut at the November meeting, following the recent decision to maintain the Bank Rate.Key Points:BoE Decision Details:The Monetary Policy Committee (MPC) voted 8-1 to keep the Bank Rate unchanged and will maintain gilt stock reductions at £100 billion.Gradual Approach Signaled:The MPC emphasized a "gradual approach" to removing policy restraint, indicating a preference for steady adjustments rather than aggressive cuts.Forecast for Future Cuts:Goldman Sachs predicts a 25bp cut in November, with subsequent cuts leading to a Bank Rate of 3% by September 2025.Incremental Adjustments Expected:The MPC is likely to prefer quarterly
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