1251 GMT - With December's lower-than-expected inflation print having fuelled market expectations for a cut, the Bank of England likely felt it had no other choice Thursday, says J.P.Morgan Asset Management's Zara Nokes. The distribution of votes--7 votes for a 25-basis-point cut and 2 for a 50-basis-point cut--showed high conviction in the call, yet this approach isn't without risks, the global market analyst says in a note. While economic activity is clearly slowing, inflation pressures are not, she says. "Rate cuts might be popular in the short term but, ultimately, there will be a higher price to pay further down the line if inflation is not stamped out now." (emese.bartha@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 07:51 ET (12:51 GMT)
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