Bank of England to cut rates faster than expected, says Goldman Sachs

<p>Via a note from Goldman Sachs over the weekend on their expectations for the Bank of England next year:</p><ul><li>Bank of England first 25 bp rate cut in August</li><li>to be followed by similar decreases made at each policy meeting until the Bank rate reaches 3% in mid-2025,</li></ul><p>Prior to this Goldman Sachs were projecting one rate cut per quarter.</p><p>GS cite theeir reasoning for expecting quicker cuts now</p><ul><li>a quicker decline in inflation</li><li>
quicker pace is more in line with historical cutting cycles</li><li>also expect ECB easing</li></ul>

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