JP Morgan forecasts Bank of England to cut rates in August 2024

A note from JPM on Thursday, info via Reuters reporting:

  • expects the Bank of England to start cutting interest rates in August (were previously projecting the first cut on November)
  • and 75bp of cuts by the end of 2024

JPM cite inflation coming down and optimism about a soft landing

The Bank of England Bank rate is currently 5.25%, JPM forecast to 4.5% by the end of this year.

This article was written by Eamonn Sheridan at Source