Several major brokerages, including Goldman Sachs, Barclays, and Morgan Stanley, have revised their predictions for a June rate cut by the Bank of England (BoE) to August. This change comes after lower-than-expected inflation data, leading to traders pricing out any chance of a rate cut in June.
Goldman Sachs expect a Bank of England 25bp rate cut in August (previously tipping June) https://t.co/9crftPEIz7
🇬🇧Morgan Stanley and Goldman Give Up on June Rate Cut at Bank of England https://t.co/pctB67CRkd
Traders Price Out Any Chance Of BoE Rate Cut In June
Morgan Stanley the next to revise BOE rate cut call to August from June previously https://t.co/T0QGZyRw1q
MORGAN STANLEY EXPECTS BOE TO START CUTTING INTEREST RATES IN AUGUST VS JUNE EXPECTED PREVIOUSLY.
⚠️ BOE JUNE RATE CUT LESS LIKELY AFTER INFLATION DATA, SAY BROKERAGES Full Story → https://t.co/oIO9ePfNQh Goldman Sachs, Barclays and Morgan Stanley said on Wednesday that a June rate cut from the Bank of England (BoE) now seems less likely, following a smaller-than-expected… https://t.co/KLT2YKQO2b