JP Morgan forecasts Bank of England to cut rates in August 2024

A note from JPM on Thursday, info via Reuters reporting:expects the Bank of England to start cutting interest rates in August (were previously projecting the first cut on November)and 75bp of cuts by the end of 2024JPM cite inflation coming down and optimism about a soft landingThe Bank of England Bank rate is currently 5.25%, JPM forecast to 4.5% by the end of this year. This article was written by Eamonn Sheridan at www.forexlive.com.

Jan 19, 2024 - 05:15
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JP Morgan forecasts Bank of England to cut rates in August 2024

A note from JPM on Thursday, info via Reuters reporting:

  • expects the Bank of England to start cutting interest rates in August (were previously projecting the first cut on November)
  • and 75bp of cuts by the end of 2024

JPM cite inflation coming down and optimism about a soft landing

The Bank of England Bank rate is currently 5.25%, JPM forecast to 4.5% by the end of this year. This article was written by Eamonn Sheridan at www.forexlive.com.

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