Citigroup has revised its forecast for the Bank of England (BoE), now expecting the central bank to begin reducing interest rates in June, earlier than its previous expectation of August. This adjustment reflects a shift in Citigroup's outlook on the BoE's monetary policy, suggesting a more immediate response to changing economic conditions. The anticipation of rate cuts as early as June indicates a significant policy shift, potentially impacting financial markets and the broader economy.
The game is afoot. For the record, we never really bought the idea of them cutting only at "forecast meetings". Once they start, and assuming a fall in inflation matching expectations, they'll cut every meeting. over the summer/September, in our view. https://t.co/N8HDDrhLrl
Citigroup expects BoE rate cuts from June, not August https://t.co/smSGtkyU2c https://t.co/5GmWlzHuM1
⚠️ CITIGROUP BRINGS FORTH BOE RATE CUT EXPECTATION TO JUNE FROM AUGUST Full Story → https://t.co/qy31Roc3FP Citigroup shifted its expectation for Bank of England's (BoE) first rate cut to June, compared to a prior expectation of cuts beginning in August. https://t.co/tF6PwNn9Ll
CITIGROUP EXPECTS BANK OF ENGLAND TO START CUTTING RATES IN JUNE VS AUGUST EXPECTED EARLIER
🔴 CITI EXPECTS BANK OF ENGLAND TO START CUTTING RATES IN JUNE VS AUGUST EXPECTED EARLIER.