J.P.Morgan said on Thursday it expects the Bank of England to start cutting interest rates in August this year, citing a possible easing in inflation and optimism about a soft landing. The brokerage now expects a 75-basis point rate cut by end 2024, taking J.P.Morgan‘s policy rate forecast to 4.5 percent, while the central bank’s current benchmark rate stands at 5.25 percent. J.P.Morgan had earlier estimated BoE to start cutting rates only in November. READ: Tobacco Read The Rest at :
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