Deutsche Bank Economist Predicts Multiple Interest Rate Cuts by Bank of England

According to BlockBeats, Deutsche Bank's senior economist Sanjay Raja has forecasted that the Bank of England will reduce interest rates by 25 basis points in May, with additional cuts expected in August, November, and December this year. The prediction comes as inflation in the UK shows signs of slowing and the labor market appears to be easing. These factors may prompt the Bank of England to accelerate its rate-cutting measures. Given the rising uncertainties across various sectors, it is anticipated that the Monetary Policy Committee might open the door to faster or even more significant rate reductions in the coming months or quarters.