Deutsche Bank sees slower pace of BOE rate cuts ...Middle East

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Deutsche Bank sees slower pace of BOE rate cuts
Deutsche Bank no longer sees the Bank of England cutting rates in May and instead views June as the start of the cycle. That will be followed by further cuts in Sept and Dec.The three cuts this year is unchanged but they now see the BOE slowing to a quarterly pace in 2025, meaning four cuts instead of their previous forecast for six. Those final two cuts will be delivered in 2026 instead, ultimately bringing the terminal rate to the same 3%."Risks are skewed to a slower start and higher terminal rate, but asymmetric risks will likely build in a higher for longer world," DB writes.They note that June could be pushed back further, particularly if private wages and services inflation remain hig

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