January 15, 2025 at 03:25PM
A Reuters poll of 65 economists shows:
BOE to cut rates by 25 basis points in February
total reductions of 100 basis points in 2025.
More likely 2025 UK inflation comes in higher than expected rather than lower.
UK inflation to average 2.5% in 2025, 2.1% in 2026 (same as December poll)
This article was written by Greg Michalowski at www.forexlive.com.
Reuters Poll: BOE to cut bank rate in February. See 100 basis points of cuts in 2025