A Reuters polll of economists shows:
- BOE to cut rates by 25 basis points each 2:45 .75% by the end of 2025. Same as the March poll.
- BOE to cut the bank rate by 25 basis points to 4.25% on May 8. The result is unanimous (67 economists polled)
- UK GDP growth to average 0.9% in 2025, 1.2% in 2026 versus 1% and 1.4% in the March poll
This article was written by Greg Michalowski at www.forexlive.com.