Analysts at Goldman Sachs say that while inflation pressures are currently high they are seeing indications that the outlook for UK CPI over the medium term is looking softer, citing:
growth has weakened markedly, and GS expect this to continue, forecasting only 0.9% growth for 2025household real disposable income growth likely to slowrising trade tensions are likely to weigh on activityunderlying cooling in the labour market, will slow wage growthGS projects the BoE's Bank rate will drop to 3.25% by the middle of 2026:
Bank of England Bank Rate currently. The Monetary Policy Committee next meet on February 6. A rate cut of 25bp is expected.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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