ICYMI Goldman Sachs modified their forecast for Financial institution of England fee cuts. None in December

I posted the headline on this yesterday:

• Goldman Sachs forecasts Financial institution of England to carry charges at Dec assembly (vs. prior 25bp reduce)

However the Financial institution of Japan stored me tiede up and I did;t get an opportunity so as to add in a bit extra. Right here we go:

• GS count on a 25bp fee reduce from Financial institution of England subsequent week, November 7
• then a maintain in December (the BoE assembly is December 19)
• then a reduce to observe on the first assembly for 2025, February 6
• the Financial institution of England Financial institution Price projected to fall to three% by the ned of subsequent 12 months

Not everyone seems to be on board with a November BoE reduce:

• BMO now thinks Financial institution of England prone to maintain charges unchanged subsequent week

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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