Lates News

Christopher Bartz, an analyst at Deutsche Bank, wrote in a report to clients that despite increasing trade uncertainty, the Bank of England appears likely to take a gradual approach to interest rate cuts. The Bank of England lowered its key rate by 25 basis points on Thursday and highlighted the threat of tariffs and related uncertainty to future growth. The Bank of England maintained its forward guidance commitment to lift restrictions on UK economic activity in a "gradual and cautious manner." Bartz stated that this means the central bank will continue to cut rates once a quarter instead of at every meeting, and the magnitude will be 0.25 percentage points rather than a larger cut.