Citi Economists Predict Potential Rate Cuts by Bank of England in April

Citi economists have suggested in a report that the Bank of England might lower interest rates during its April meeting. According to Jin10, they noted that the central bank is expected to keep rates unchanged in its decision on Thursday, as recent UK data, such as the PMI, indicates economic resilience. Data from LSEG shows a 97% probability that the Bank of England will maintain the current rate of 3.75% this week. Citi economists anticipate rate cuts in April, July, and November.