Bank Of England Expected To Accelerate Rate Cuts

According to Odaily, a research report by Goldman Sachs indicates that the Bank of England is expected to accelerate its rate cuts. The report highlights that inflation and wage data, along with recent communications from the Bank of England, suggest a widespread market expectation of a 25 basis point rate cut in November. If inflation continues to decline, there are minimal obstacles to speeding up the rate cut process. Goldman Sachs economists still anticipate that by September 2025, the Bank of England will have consecutively reduced rates to 3%, which is faster than current market pricing.