JPMorgan: Bank of England may cut interest rates in December, but probability is low

Morgan Stanley analyst Monks stated in a report that if UK economic growth data and inflation show significant weakness, the Bank of England may cut interest rates in December. However, the likelihood of a sharp decline in UK economic growth and inflation is low, which reduces the possibility of further interest rate cuts by the Bank of England this year. It is expected that the Bank of England will cut interest rates in February and April next year, bringing the Bank of England's terminal rate down to 3.5%.