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The Bank of England is set to hold rates next week as labour market cooling contrasts with limited inflation progress. The MPC remains divided, even as Governor Bailey appears open to easing. We expect two cuts to 3.25% in the first half of the year, with March and June as the most likely windows. Even so, the timing of these calls remains uncertain.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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