ICYMI – Goldman Sachs brings forward its BOE rate cut forecast to May from June previously

Justin had the news on this forecast revision from the investment bank:

It came after data from the UK showed inflation in November hit its lowest rate in over two years:

Goldman Sachs expect:

  • interest-rate cut by the Bank of England in May from June
  • while maintaining the size of cut at 25 basis points per meeting until the policy rate reaches 3% in May 2025.

This article was written by Eamonn Sheridan at www.forexlive.com. Source