Will the BoE start to cut interest rates quicker?

The Bank of England will almost certainly cut interest rates for the second time in this cycle, from 5.00% to 4.75%, at the meeting on Thursday 7th November. But it is unlikely to hint that it intends to quicken the pace by cutting rates again at the following meeting in December. We think there are valid reasons for the Bank to move slower than the ECB and the Fed, including the policies in the Uk Budget. That said, we still think rates will fall below the 4.00% priced into the market.

We’ll be discussing the outlook for Bank of England policy in a 20-minute online briefing at 3pm GMT on Thursday 7th November. (Register here.)