1243 GMT - The Bank of England is expected to cut interest rates on Thursday and it could signal another rate cut in March, Peel Hunt's Kallum Pickering says in a note. The BOE is likely to keep monetary policy guidance unchanged with one-per-quarter interest rate cut, Pickering says. "However, risks are skewed towards policymakers signaling a willingness to react more forcefully to economic weakness," he says. Markets expect a total of 84 basis points of BOE interest rate cuts in 2025, LSEG Refinitiv data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 07:43 ET (12:43 GMT)
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