Bank of England Policy Announcement (19th Jun. 2025)

The Bank of England sounded a bit more dovish while leaving interest rates at 4.25% today, despite the extra upside risks to inflation from events in the Middle East. This supports our view that the Bank will cut rates to 4.00% in August and eventually to 3.50% (or perhaps lower). 

For more detailed and up to date analysis, see here. 

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