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2026-02-16 21:30:18
[Economists are more hawkish on UK inflation than the Bank of England, with clear disagreements on the path of interest rate cuts] ⑴ A survey shows that 22 out of 30 economists expect the UK's second-quarter CPI to be higher than the Bank of England's February monetary policy report forecast, indicating a more hawkish stance on inflation than the Bank of England itself. ⑵ Economists are divided on the number of interest rate cuts this year, with 18 predicting one or two cuts and 16 predicting two or three. The market generally expects the Bank of England to cut interest rates to 3.25% by the end of September and maintain it until at least the end of 2026.
