TechFlow news, on March 14, according to Jinshi Data, Deutsche Bank Research expects the Bank of England to cut interest rates four more times in 2025, bringing the rate down to 3.50%.
However, Sanjay Raja, an economist at the bank, said in a report that the Bank of England is likely to keep rates unchanged at 4.50% at its next decision on March 20.
Raja stated: "In our view, a 'gradual and cautious' approach does not favor consecutive rate cuts—especially amid rising overall CPI." LSEG data shows that markets expect a 92% probability of the Bank of England holding rates steady in March, and anticipate only two further rate cuts by the Bank of England in 2025.
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