Bank of England to cut rates faster than expected, says Goldman Sachs ...Middle East

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Bank of England to cut rates faster than expected, says Goldman Sachs
Via a note from Goldman Sachs over the weekend on their expectations for the Bank of England next year:Bank of England first 25 bp rate cut in Augustto be followed by similar decreases made at each policy meeting until the Bank rate reaches 3% in mid-2025,Prior to this Goldman Sachs were projecting one rate cut per quarter.GS cite theeir reasoning for expecting quicker cuts nowa quicker decline in inflation quicker pace is more in line with historical cutting cyclesalso expect ECB easing This article was written by Eamonn Sheridan at www.forexlive.com.

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