TechFlow news, according to Jinshi News, the Bank of England will announce its interest rate decision and update its quarterly economic forecast on February 6 at 20:00 (Beijing time). Multiple institutions expect the central bank to cut rates by 25 basis points to 4.5%, maintaining its guidance of "one rate cut per quarter."
Goldman Sachs noted that recent weak UK economic growth, deteriorating labor market indicators, and gradually rising core services inflation will support the decision to ease policy. Deutsche Bank expects the vote outcome to be 8 in favor and 1 opposed. IFR, a subsidiary of Reuters, anticipates the central bank will reiterate that "a gradual reduction in monetary policy restraint remains appropriate" and maintain the pace of one rate cut per quarter until August. Ebury strategists warn that if the central bank signals a more aggressive easing path than expected, the British pound could face downward pressure.
