The Stage Is Set For BOE To Cut Rates

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Economists say the latest GDP data only fuels the case for a rate cut next month, although BOE policymakers will be factoring in inflationary pressures, such as resilient wage growth and uncertainty over Britain’s economic outlook. Capital Economics: “Together with December’s softer-than-expected CPI inflation print, today’s release revealed that the economy continued to have little momentum towards the end of last year, leaving us content with our view that the Bank of England will cut interest rates from 4.75% to 4.50% in February”

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#EconomicAnalysis #GDPData #InterestRateCut #BankOfEngland
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