Deutsche Bank analyst: Bank of England may cut interest rates or slow down but with a deeper magnitude.

Sanjay Raja of Deutsche Bank said in a report that the Bank of England's interest rate cuts may be slower than market expectations, but the magnitude of the cuts may be deeper. Recent data shows that the UK job market is deteriorating, overall inflation is slowing down, but core service sector inflation remains high. These mixed data complicate the Bank of England's task of supporting economic growth and keeping inflation close to the 2% target level. Raja stated that Deutsche Bank's research department predicts the Bank of England will cut interest rates in March and June, but believes there is a risk of larger rate cuts.