Fri, February 14, 2025
Thu, February 13, 2025
Wed, February 12, 2025
Tue, February 11, 2025
[ Tue, Feb 11th ]: Forbes
LLC Tax Changes In 2025
Mon, February 10, 2025
Sun, February 9, 2025
Sat, February 8, 2025

Bank of England to cut interest rates only twice more, NIESR predicts

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. terest-rates-only-twice-more-niesr-predicts.html
  Print publication without navigation Published in Business and Finance on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest rates further, the NIESR think tank predicted on Wednesday in a relatively upbeat set of forecasts.

- Click to Lock Slider
The National Institute of Economic and Social Research (NIESR) has forecasted that the Bank of England will reduce interest rates only twice more in the current cycle, predicting cuts in August and November, bringing the base rate down to 4.75% by the end of 2024. This cautious approach is due to persistent high inflation, particularly in services, which remains above the Bank's 2% target. Despite expectations of inflation dropping to around 2% in the second quarter, NIESR warns that inflation could rebound to 3% by year-end due to rising energy prices. The think tank also anticipates a slight economic growth of 0.4% for the year, with a risk of recession if rates are not adjusted appropriately. Additionally, NIESR suggests that the Bank should consider the impact of its policies on the housing market and overall economic stability, advocating for a more dovish stance to prevent economic downturn.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/money/economy/bank-of-england-to-cut-interest-rates-only-twice-more-niesr-predicts/ar-AA1yR8q5 ]