Bank of England Can Keep Cutting Rates if Services Inflation Eases Further -- Market Talk

Dow Jones

Apr 16, 2025

0810 GMT - Cooler inflation in the U.K. services sector should ensure the Bank of England cuts interest rates at a steady pace this year, ING economist James Smith writes in a note to clients. Headline annual inflation slowed to 2.6% in March, figures show Wednesday, while in services, annual inflation fell for the first time this year, to 4.7% from 5.0% previously. That's still uncomfortably high for BOE rate setters, Smith says. But the rate should continue to ease over the coming months, taking it lower than the central bank has forecast. "More benign services inflation, if it materialises ... would help cement one rate cut per quarter for the rest of 2025 and into 2026," Smith says. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

April 16, 2025 04:10 ET (08:10 GMT)

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Headline annual inflation slowed to 2.6% in March, figures show Wednesday, while in services, annual inflation fell for the first time this year, to 4.7% from 5.0% previously. That's still uncomfortably high for BOE rate setters, Smith says. But the rate should continue to ease over the coming months, taking it lower than the central bank has forecast. \"More benign services inflation, if it materialises ... would help cement one rate cut per quarter for the rest of 2025 and into 2026,\" Smith says. (joshua.kirby@wsj.com; @joshualeokirby) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 16, 2025 04:10 ET (08:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of England Can Keep Cutting Rates if Services Inflation Eases Further -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of England Can Keep Cutting Rates if Services Inflation Eases Further -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-16 16:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0810 GMT - Cooler inflation in the U.K. services sector should ensure the Bank of England cuts interest rates at a steady pace this year, ING economist James Smith writes in a note to clients. Headline annual inflation slowed to 2.6% in March, figures show Wednesday, while in services, annual inflation fell for the first time this year, to 4.7% from 5.0% previously. That's still uncomfortably high for BOE rate setters, Smith says. But the rate should continue to ease over the coming months, taking it lower than the central bank has forecast. \"More benign services inflation, if it materialises ... would help cement one rate cut per quarter for the rest of 2025 and into 2026,\" Smith says. (joshua.kirby@wsj.com; @joshualeokirby) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 16, 2025 04:10 ET (08:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1215","symbol_name":"特殊消费者服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2527711295","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527711295","pubTimestamp":1744791000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0810 GMT - Cooler inflation in the U.K. services sector should ensure the Bank of England cuts interest rates at a steady pace this year, ING economist James Smith writes in a note to clients. Headline annual inflation slowed to 2.6% in March, figures show Wednesday, while in services, annual inflation fell for the first time this year, to 4.7% from 5.0% previously. That's still uncomfortably high for BOE rate setters, Smith says. But the rate should continue to ease over the coming months, taking it lower than the central bank has forecast. \"More benign services inflation, if it materialises ... would help cement one rate cut per quarter for the rest of 2025 and into 2026,\" Smith says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1215":"特殊消费者服务","03650":"KEEP"},"translate_title":"如果服务业通胀进一步放缓，英国央行可以继续降息——市场传言","themeId":"033041ba05226ba73268d40cb24e1197","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03650":1},"content_text":"0810 GMT - Cooler inflation in the U.K. services sector should ensure the Bank of England cuts interest rates at a steady pace this year, ING economist James Smith writes in a note to clients. Headline annual inflation slowed to 2.6% in March, figures show Wednesday, while in services, annual inflation fell for the first time this year, to 4.7% from 5.0% previously. That's still uncomfortably high for BOE rate setters, Smith says. But the rate should continue to ease over the coming months, taking it lower than the central bank has forecast. \"More benign services inflation, if it materialises ... would help cement one rate cut per quarter for the rest of 2025 and into 2026,\" Smith says. (joshua.kirby@wsj.com; @joshualeokirby) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 16, 2025 04:10 ET (08:10 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}