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2025-12-19 01:00:52
[UBS Global: Bank of England Expected to Cut Rates Again at Next Meeting in February] UBS Global Wealth Management economist Dean Turner noted in a report that while the Bank of England's decision to cut its benchmark interest rate to 3.75% was expected, the cut still had a hawkish tone, with the vote only a narrow 5-4 majority. He stated that given evidence that inflation will remain stable in the coming months, the disagreement among policymakers is not surprising. This means the Bank of England may need some time to return its inflation target to 2%. Turner said, "We expect the Bank of England to cut rates again at its next meeting in February, when a series of new forecasts will be released, which may support its cautious approach to the magnitude and pace of rate cuts." However, aside from that, the wealth management expert predicts the Bank of England will only cut rates once more in 2026.
